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Byambajav
Byambajav S. is 55 years old and a single mother who lives with her four children in Hovd province in western Mongolia. She and her children live in a ger, a traditional Mongolian nomadic home tent. Her oldest daughter helps her with the business, two others attend university and her other daughter works in the local theater. Byambajav operates a timber, wood items, and wooden frame trading business. She started her business in 2006 after previously operating a meat business at the local trade center. After many years owing a business, she has gained much experience as a businesswoman and has built a stable and successful operation. For the future, Byambajav hopes to expand her business by establishing a new sales chanel with Germany. She is requesting a 2,500,000 MNT loan to buy two ornamented ger frames for her wooden item trading 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
  • $15,364,275
    Funds lent in using Kiva
  • 1,219.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Byambajav to buy ornamented wooden ger (tent housing) frames.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Dec 17, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2011