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Bayambasuren is 59 years old and lives with her daughter in Arhangai province, Mongolia. They live in a Mongolian traditional tent called ā€œger.ā€ She operates a door-to-door meal business in her town. She makes and sells between 20 and 30 meals per day. She started her business in 2006 and has made much progress over the years. Even though she has been in operation for a short period of time, she is well known amongst her customers and she is planning to expand her business further.

For the future, she is planning to have her own food cafe in her town. She is a very hardworking businesswoman with a good personality. She says, "I am working hard to improve my children's quality of life." She is requesting a 400,000 tugrug loan to purchase food items in order to widen the selection of meals that she sells.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,442.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Byambasuren to purchase food items for production.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 29, 2010
Feb 20, 2010
Currency Exchange Loss:
Feb 16, 2011