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Adyamaa Y. has been taking loans from XacBank, Kiva's partner micro-finance institution in Mongolia, for four years. She is married with three children. To help her husband to feed the children, she engages in retail business at the "Narantuul" market, the biggest Mongolian outdoor market, which operates in all four seasons. In the winter, it's very challenging to operate her business as temperatures routinely fall below -20 degrees Celsius.

Adyamaa's business is selling used clothes. She buys used clothes by the kilogram, imported from South Korea. A couple of years ago, she leased a car through XacBank for use in her business. From the previous loan profit, she fixed her house, a traditional Mongolian "ger" (form of nomadic housing). Adyamaa is a hard-working person. She plans to use her Kiva loan to buy more clothing to sell.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,420.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Adyamaa to buy used clothes to increase her business inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 19, 2009
Feb 17, 2009
Currency Exchange Loss:
Feb 15, 2010