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Byambanorov, 37, lives with her husband and two children in Ulaanbaatar, the capital of Mongolia. Her daughter attends a local secondary school and her son goes to kindergarten. They live in a ger, a Mongolian nomadic housing tent, in someone's backyard on the outskirts of the city.

Byambanorov sells meat at a local market, and started her business in 2006. Her business was running successfully until their house burnt down in 2009. Her family's living standard is now below average because of that unfortunate fire, however they are trying very hard to rebuild their lives. Byambanorov is a very hardworking and active person whose family needs a house on their own land. She is requesting a loan of 3,500,000 Mongolian tugriks (MNT) to purchase more meat for her business during the busy time of Tsagaan Sar, the Mongolian traditional New Year.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,239.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Byambanorov to purchase more meat.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 24, 2011
Jan 28, 2011
Currency Exchange Loss:
Feb 15, 2013