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Ariunbileg
Ariunbileg H. is a 36 year old single mother with a 13 year old son. She lives with her mother and son in a ger, a traditional Mongolian nomadic home tent, in Bayanhongor province of Mongolia. Her son attends a local secondary school. Her mother is retired and has a monthly pension of 108,000 MNT while she also receives a disability pension of 81,000 MNT due to a kidney disorder.

Ariunbileg operates a clothes and cosmetic products retail business in her town. She sells a variety of different clothing items that are imported from Erlian, China's border city, and cosmetic products. She started her business in 2007 selling only a variety of cosmetic products, after working as a cook between 2002 and 2006. After finding success and achieving stable business operations, she started her second business of selling clothing items in 2009.

For the future, she says, "I would like to expand my business and increase my product line by offering more different kind of products with good quality to my customers. And I want to buy my own apartment." She is requesting a 3,600,000 MNT loan to purchase more cosmetic products and import more clothing items in order to increase her working capital for both of her trading businesses.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • 1,274.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Ariunbileg to purchase more cosmetic products and clothing items.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2010
Listed
Nov 16, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012