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Buyanhuu H. is 54 years old and lives with her husband and two children in Hovd province in western Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic tent. Both of Buyanhuu’s children are students while her husband works as a carpenter in their town.

Buyanhuu operates a dairy product retail business in her town at the local market. She began her business in 1995 and attributes her business success to her knowledge of local market demands. She is requesting a 1,300,000 MNT loan in order to purchase more dairy products to sell during the upcoming winter months when prices for such products traditionally rise.

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
  • 1,336.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Buyanhuu to purchase more dairy products to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 4, 2010
Aug 12, 2010
Currency Exchange Loss:
Sep 15, 2012