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Byambasuren
Byambasuren S. is a 42-year-old widow who lives with her 15-year-old daughter in Bayanhongor province, Mongolia. She and her daughter live together in a ger, the traditional Mongolian nomadic tent. Byambsuren's daughter attends a local secondary school.

Byambasuren operates a tailoring business. She graduated from a four-month sewing training course in 1990. She has been operating her business since 1996, and has become an experienced tailor. Since 2004, she has rented a workplace to let her more easily provide her services to her many customers.

Byambasuren has been planning to grow her business and to improve her equipment. She is a very hardworking person and says, “I would like to grow my business and improve my family's standard of living by receiving a loan.” Byambasuren is requesting a 1,400,000 MNT loan to purchase necessary materials and equipment.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,383.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Byambasuren to purchase necessary materials and equipment for his tailoring business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2010
Listed
Apr 29, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012