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S. Asilbek is 33 years old and lives with her mother, husband and two children in Bayan-Ulgii province in western Mongolia. She and her family live in a ger, a traditional Mongolian nomadic tent, and her two young sons both attend kindergarten. Asilbek manages a pharmacy with the help of her husband in her town. She is a doctor therefore sells a variety of medicines, and treats people in their shop. Due to it's location in a high traffic area near the local market, the pharmacy attracts many customers. Asilbek started her current business in 2005 after previously managing a medicine trading center in Ulaanbaatar, the capital city of Mongolia. She then moved to Bayan-Ulgii and started a medicine transportation service between Russia and her province. Over the years, Asilbek has gained much business experience and built a positive reputation for her buisiness in the community. She says, "My future dream is to expand my pharmacy in order to increase my sales." She is requesting a 2,500,000 tugrug (~1750 USD) loan to purchase more medicine for his pharmacy.

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
  • 1,450.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Asilbek to purchase more medicine for his pharmacy.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 7, 2009
Oct 8, 2009
Currency Exchange Loss:
Apr 15, 2010