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Baasanjav D., 43, is married and lives with her husband and two children in Uvurhangai province in Mongolia. They live in a small house that they purchased through XacBank on a small plot of land that they have owned for the past two years. Her husband operates a taxi service using his own car. Both of their children attend a local secondary school. A high school graduate, she is a sociable person who says, "I am trying my best to raise my children well and give them a good education."

In 2008 Baasanjav began her current business selling clothes. She rents a stall at the Baku trade center to sell her goods. She uses the profits she makes from her clothing business to pay bank loans and support the needs of her family. She now has many regular customers and is running a stable business. She is requesting a loan of 2,000,000 MNT to purchase more clothing 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,243.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Baasanjav to purchase more clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 7, 2011
Feb 1, 2011
Currency Exchange Loss:
Apr 17, 2012