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Bayaraa is a 34-year-old woman who lives with her husband and 3 children in Selenge province in Northern Mongolia. Her children study at the local secondary school. She started a garment retails business in 2011 with her husband. She brings the inventory to the border cities and trades them wholesale. The business has been successful and has many regular customers. She is planning to develop further their business activities. Bayaraa is an ambitious woman who says "I'm planning to buy a car with my profits". She is requesting 3,000,000 MNT to buy construction materials for her fence and house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Bayaraa to buy construction materials for her fence and house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 10, 2012
Apr 24, 2012
Currency Exchange Loss:
Aug 17, 2013