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Amarbayar
Amarbayar, 23, is married and lives with her husband and three year old son in Hentii province of Mongolia. Her husband works for a construction company in the summer time and her son goes to kindergarden. Amarbayar has started a jewelery trading business in 2010. Now she operates a rented stall at a local trading center called Soyolj which is located in a busy street. She also has started a clothing trading business in addition to her jewelery trading business recently. She has been operating her business by bank loan and now her own working capital is increasing little by little. She is a hardworking and sociable person who says, "I like my business because as I am keen on making jewelery such as earrings, necklaces from different stones by myself. It is very interesting when you create different designs. I also have started clothing trading business recently in order to expand my business." She is requesting a loan of 1,000,000 MNT to purchase more clothing and jewelery 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Amarbayar to purchase more clothing and jewelery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2011
Listed
Feb 24, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 24, 2011