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Darisuren
Darisuren is 22 years old and lives with her father in their own little building (shack). Her elderly father works as a security guard in town and earns less than 100 dollars a month.

Before she rented space for a grocery stand, Darisuren made money by sewing. She eventually was able to save up enough to lease the space and begin selling groceries. As of now the stand brings in around $60-$85 a day.

Darisuren wants to be able to buy a greater variety of food and in bulk to increase her income. With the extra income she wants to add another booth to the one she has and eventually own her own store. She is a very modest and down-to-earth girl. She wants two things: to be able to take care of her father and to own her own store.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,450.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Darisuren to buy a greater variety of food and in bulk to increase her income.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2009
Listed
Jul 29, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2009