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Marusya J. is a 61-year-old lady who lives with her husband in Arhangay, one of the Mongolian central provinces. Her family lives in a ger, a Mongolian housing tent on the plot of land they own. Her husband, Batsuh, is a driver. Marusya has been running a small bakery shop since 2005. She bakes a variety of cakes, cookies and bread. As she is a very experienced baker, she could have many repeat clients who purchase her product on a daily basis. When she began her business, she had only 350,000 tugrugs. That is equal to $250 US. As a result of her five years of hard work, her working capital has increased 10 times. To increase her business inventory, she requests a loan to purchase ingredients such as flour, eggs, and sugar for her business.

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
  • 1,449.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Marusya to purchase ingredients.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 26, 2010
Feb 27, 2010
Currency Exchange Loss:
Mar 18, 2012