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Bayaraa is 43 years old and lives with her husband and two daughters in a ger, a Mongolian yurt, in Hovd province, Mongolia. Her oldest daughter is a student while youngest one is a pupil. Her husband, who used to conduct a grocery trading business with Bayaraa, manages a cell phone trading business in his town. Bayaraa operates a grocery trading business which started at a rented stall at a local market in 1998. Since 2007 she began conducting her business independently. Now she sells all kinds of daily consumption vegetables such as carrots, potatoes, cabbage, and onions etc. She is one of the most experienced businesswomen in her town. She is a polite woman who says, "During warm season sales increases much compared with other seasons. So I need more goods to sell." She is requesting a 1,700,000 MNT loan to purchase vegetables 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
  • 1,216.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Bayaraa to purchase vegetables for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 16, 2011
May 28, 2011
Currency Exchange Loss:
Sep 15, 2012