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Togtbayar
Togtbayar is a 43-year-old woman who lives with her husband and only daughter in a ger, a Mongolian traditional nomadic housing tent, in Hovd province, Mongolia. Her husband is a welder who works at home. Her only child, who is 6 years old, attends kindergarten.

She owns a clothing-trading business in her town. She started her business in 2000 at a rented container in a local market. Through her hard work, she managed to buy her container in 2008 and expanded her business. Before that, she worked as a salesperson at someone else's stall and gained much experience.

Now she sells all types of clothing such as hats, skirts, T-shirts and socks at her container. She is an honest woman who says, "I want to have my own house in (the) near future."

She is requesting a loan of 2,000,000 Mongolian tugriks (MNT) to purchase more inventory for her clothing 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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,202.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Togtbayar to purchase more inventory for her clothing business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2011
Listed
Apr 7, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2012