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Almagul is 31 years old and lives with her husband and two kids in a ger (Mongolian yurt) in Bayan-Ulgii Province, Mongolia. Her husband is a chauffeur, her elder child is a student, and her younger one goes to kindergarden. She started her cosmetic products retail business in 2010 by renting a counter in a market. Her business is going so well that she couldn't meet the customers' demand. Since the demand is high, she decided to rent another counter and buy even more products to sell. She is requesting 1,500,000 MNT to purchase more beauty products.

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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Almagul to purchase more beauty products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 15, 2011
Nov 21, 2011
Currency Exchange Loss:
Mar 15, 2013