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Amarbayasgalan
Amarbayasgalan C., aged 46, lives with her two children in Arhangai province, Mongolia. She and her family live in a small house that they own. Both her son and daughter, aged 19 and 6, attend local schools.

Currently, Amarbayasgalan operates a tailoring business in her town. She started her business in 2006, with working capital of 350,000 MNT, after purchasing a sewing machine. Over the years, she has built a loyal customer base that appreciates her high quality products and good service. Today, her working capital exceeds 1,300,000 MNT. Her earnings have enabled her to purchase a house and yard for her family.

Amarbayasgalan is an honest person and has much hope for the future. Currently, with the graduation season underway, she hopes to use her loan to take advantage of increased demand for her tailored products. Her dream is to one day have her own sewing workshop. She is requesting a 1,500,000 MNT loan to purchase necessary materials for her business.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Amarbayasgalan to purchase fabrics and other materials for her tailoring business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2010
Listed
May 22, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010