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Amarjargal is 47 years old and lives with her two sons in her apartment in Baganur district of Ulaanbaatar, the capital city of Mongolia. Her husband died five years ago. Her elder son has just graduated from college and her younger son goes to college. She started her business in 2004 by renting a small workshop to run her tailoring business. She is certified and has got excellent skills. She is well-known for her skill in the neighborhood. She is a strong and diligent woman who says, "I have a vision to expand my business and increase my income." She is requesting 1,000,000 to buy sewing materials.

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
  • 1,286.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Amarjargal to buy sewing materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 26, 2011
Oct 24, 2011
Currency Exchange Loss:
Sep 15, 2012