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Byambasuren S., 40, is married and lives with her husband and two daughters in Uvurhangai province of Mongolia. They live in a house and both of her daughters attend local secondary school.

Her husband works with her to operate her animal rawhides trading business, which she started in 2000. They own a car that they use to collect raw materials from the countryside and at the local market.

She is a hardworking and modest person who says that she wants to make more profit and buy a new car to use for her business. She is requesting a loan of 3,000,000 MNT to buy more animal rawhides and increase her 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
  • 1,237.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Byambasuren to buy more animal rawhides.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 23, 2011
Jan 27, 2011
Currency Exchange Loss:
May 18, 2012