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Bayarjavhlan, 25, is married and lives with her husband and son in the Uvurhangai province of Mongolia. They live in a house provided by her husband's employer for a few years. Her husband works for a local flight company.

Bayarjavhlan began selling clothes in 2010. She sells clothing out of a rented stall and her current inventory is valued at about 800,000 MNT. She wants to expand her business and increase her working capital in order to save money to buy an apartment. She is a hardworking and active person who says, "I want to expand my business further and have my own stall or a store and save money to buy an apartment." She is requesting a loan of 1,000,000 MNT to purchase more clothes to sell.

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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,193.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Bayarjavhlan to purchase more clothes to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 29, 2011
Mar 31, 2011
Currency Exchange Loss:
Jul 21, 2011