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Byambasuren, who is 47 years old and lives with her children, both college students, in an apartment in the Hovd Province of Mongolia, started her business in 2003 by selling home appliances at the local market. She brings in most of her products from the Mongolian western border, and her business is free from seasonal fluctuations and thus profitable on a constant basis.

An open-minded person, Byambasuren says, "The months of September and October are for marriage and other celebrations. So, the demand for home appliances is very high. I want to sell as many products as possible." Byambasuren is requesting a 1,500,000 tugrik loan to buy more products 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD