Check out some available loans that are similar to this one!
Mrs. Bayarbayasgalan is 28 years old and lives with her husband and two daughters in a Ger in the Bayanhoshuu area of Ulaanbaatar, Mongolia. Her husband, Batbayar, works at a local company, and her daughters, Michidmaa and Maralmaa, both go to a local kindergarten.

Bayarbayasgalan has been working as a salesperson since 2009. She is now starting her own clothing retail business at a rental counter of a shopping center. She is now requesting 2,000,000 MNT to purchase starting inventory for her newly starting clothing retail business. She is a hardworking, goal-oriented and modest woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Bayarbayasgalan to purchase starting inventory for her newly starting clothing retail business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 25, 2013
Currency Exchange Loss:
Mar 3, 2015