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Byambahuu T. lives with her husband and 20 year old daughter in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. Her daughter is a sophomore student at the Mongolian University of Science and Technology in Ulaanbaatar.

Byambahuu has a small retail business selling women's handbags and purses. She sells from a small, rented stall in the Narantuul market, the largest outdoor market in Ulaanbaatar. She brings her goods from Ereen, a border town in China from which many products are imported. Sometimes she travels to Beijing to purchase higher quality handbags and purses. In the future, she would like to rent stalls at busy shopping malls in the city. She requests a loan to purchase more handbags and purses from Ereen.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,423.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Byambahuu to purchase more handbags and purses to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
May 7, 2009
May 20, 2009
Currency Exchange Loss:
Jan 16, 2010