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Barshagul, is 42 years old and lives with her husband and five children in Bayn-Ulgii province in western Mongolia. She and her family live together in a 'ger', a traditional nomadic tent home. Barshagul has operated a meat trading business in her town since 1990 and has steadily expanded her business over the years. She purchases meat wholesale from herders in the surrounding countryside and resells to her customers. People in her province typically prepare meat for the winter during October and November. One family will consume up to one ox and ten sheep through the course of the winter which will last them through March.

As meat stocks are currently low, Barshagul's business is starting to pick up for the summer. Barshagul is a very hard-working person and has many plans for the future. She says, “I am working hard to support my children's future.” She is requesting a 300,000 MNT loan to purchase meat at wholesale prices.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Barshagul to purchase meat at wholesale prices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 18, 2010
May 28, 2010
Currency Exchange Loss:
Nov 15, 2010