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Mrs.Buyannemeh is 47 years old lives with her husband and 2 children in their small house in Ulaanbaatar city, Mongolia. Her husband is craftsman and run their family business of wooden furniture manufacturing. Her son has graduated his school and now works at local company and her daughter is university student.
Buyannemeh and her husband started their business in 2008. She sells their products to local customers in local market rental booth. Her husband produces the products and she makes last touches of glazing and burnishing. Their workplace does not have extra insulation and heating is very minimal. She is now requesting loan of 5,000,000MNT to purchase insulation material and heating system to install to their workshop. She is hardworking and diligent woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,779.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Buyannemeh to purchase insulation material and heating system to install to their workshop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 11, 2014
Mar 28, 2014
Currency Exchange Loss:
Feb 3, 2015