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Anhbayar is 31 years old and lives with her husband and son in a ger, a traditional Mongolian yurt, in Ulaanbaatar, the capital city of Mongolia. Her son, who is 5 years old, attends kindergarten. With the help of her husband she manages a clothing trading business at Narantuul, one of the busiest markets in Ulaanbaatar city. She started her business 6 years ago and is planning to expand it in the future. She is diligent woman who says, "I want to continue my business." She is requesting a 2,000,000 MNT loan to purchase summer clothes to increase her working capital.

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
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Anhbayar to purchase summer clothes.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 24, 2011
Jun 30, 2011
Currency Exchange Loss:
Nov 15, 2012