Check out other loans that are currently fundraising!
Bayarsaihan is 31 years old and lives with her husband, twin boys and a daughter in their house in the Bayanhoshuu area of Ulaanbaatar city Mongolia. Her husband, Damdindorj, is a driving school trainer. Her twin sons attend local primary school and her 2-year-old daughter goes to local kindergarten.

Bayarsaihan has been providing tailoring services since 2008. She rents the basement floor of an apartment building in downtown. This is where she operates her business. She has built a regular customer base over the years.

Bayarsaihan is now requesting a loan of 6,000,000 MNT to purchase insulation and construction materials to renovate and insulate her house before the harsh, cold Mongolian winter comes. She wants to provide decent living conditions for her family. She is a hardworking, kind and thoughtful woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,600 helped Bayarsaihan to purchase insulation and construction materials to renovate and insulate her house before the harsh, cold Mongolian winter comes and provide decent living conditions for her family.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 18, 2013
Oct 25, 2013
Currency Exchange Loss:
Jan 6, 2016