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Byambaa Y. is 42 years old and lives with his wife and three children in a house in Zavhan province, Mongolia. His older two daughters attend college while youngest one is in secondary school.

He manages a vegetable planting and trading business with the help of his wife. They started their business in 1990 and have gained much experience. They plant a variety of vegetables including potatoes, cabbage, carrots and garlic during spring time and harvest them in fall.

Byambaa is a polite and hardworking man who says, "We are happy for the loan service of your XacBank. We are one of the reliable and trusted customers of your XacBank."

He is requesting a 3,000,000 MNT loan to purchase garlic seeds and potato seeds for his 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
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Byambaa to purchase garlic seeds and potato seeds.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 4, 2011
May 10, 2011
Currency Exchange Loss:
Apr 18, 2012