Pagmatsogsmaa Sodnomdagva

Thank you for your loan. It has been disbursed to Pagmatsogsmaa Sodnomdagva by XacBank in Mongolia. We are excited to watch this business grow. Over the 12 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Pagmatsogsmaa Sodnomdagva is very thankful for her lenders, Kiva and XacBank (Kiva's partmer MFI in Mongolia). It has been about four months since Pagmatsogsmaa's loan first appeared on Kiva.org, and she has fully repaid the loan several months in advance!

She spent the entire loan to purchase small household items to sell in addition to food at her store, such as detergent and soap. In February, she went to Ulaanbaatar, the capital city of Mongolia, twice to purchase goods in bulk at a wholesale prices. Before Lunar New Year, she sold all of her goods, therefore her daily income from sales has increased by 70,000 tugrugs ($50 USD), and monthly profit has increased by 140,000 tugrugs ($100 USD).

She sold 80% of her inventory to local residents in her community. Since she runs a successful business, she was able to use the 200,000 tugrugs of profit to buy apparel for her husband and daughter.

About XacBank Loans:

At the end of this loan, non-delinquent borrowers will be given back 9% of the interest he or she paid, due to the 0% interest capital XacBank received from Kiva. The repaid interest will be placed in a XacBank savings account, giving the borrower an additional financial tool. In order to make another loan to a XacBank client, please visit the "Lend" tab and search for "Mongolia"