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Bayarmunh D. lives with his wife in their own house in Ulaanbaatar, the capital city of Mongolia. He runs his business with the help of his wife. Their living standard is normal. He sells small construction auxiliary materials as well as cellphone units in Jobi Trade Center - one of the biggest construction markets, which is located at the city center. His business daily income ranges from about $80 to $95 and his working capital reaches approximately 2,300,000 MNT. He is very experienced in this field. He plans to expand his business operation further. Bayarmunh is requesting a 1,050,000 MNT loan to increase his working capital.

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
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Bayarmunh to buy more construction auxiliary materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 20, 2010
Aug 26, 2010
Currency Exchange Loss:
Oct 15, 2010