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Byambasuren is 49 years old and lives with her husband and two daughters in the Tuv province of Mongolia. Her husband is a security guard and her younger daughter is a college student, while the older one is an accountant.

Byambasuren started her grocery retailing business in 2009 by renting a counter in a local market. Now, not only does she sell groceries but also food supplements. Now that winter is approaching, she needs to buy a mass amount of groceries for stock.

She is a hard working and diligent woman who says, "When my daughter graduates from college, I will open my own grocery shop." She is requesting 1,500,000 MNT to buy more vegetables from Bars market. (Editor's note: "Bars" market is where supermarket shipments load and unload.)

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
  • 1,279.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Byambasuren to buy more vegetables from Bars market.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 7, 2011
Oct 23, 2011
Currency Exchange Loss:
Jan 15, 2013