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Usuhbayar is 36 years old and lives with her four children in a ger in Tosontsengel province of Mongolia. She is the only provider for her family. Her four children are high school students.
Usuhbayar started her business in 2007 by selling meat. Even though her income is relatively low, she is happy with it and has a very bright vision for her children and herself. She is a diligent and open-minded person who says, 'I'll expand my business and some day I hope to be a successful and well experienced businesswoman.' She is requesting a loan of 1,300,000 MNT to purchase meat and livestock.

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 $1,050 helped Usuhbayar to purchase meat and livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 26, 2011
Sep 19, 2011
Currency Exchange Loss:
Sep 17, 2013