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Badam is 40 years old and lives with her husband and 3 children in their house in Orhon province, Mongolia. Her husband works as a security guard at a local company. Her two older daughters are university students and her son studies at a local secondary school.
Badam has been running her used shoes retail business in a rented booth in the local market since 2007. She is an experienced, hardworking woman who supports her children to get higher education. She is opening a new rented booth for her husband to increase their sales and income to prepare for their son to be a university student. She is now requesting a loan of 4,000,000 MNT to purchase inventories to sell at her husband's rented booth.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,740.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Badam to purchase inventories to sell at her husband's rented booth in the local market.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Oct 19, 2013
Nov 19, 2013
Currency Exchange Loss:
Sep 4, 2014