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Davaachimeg
Davaachimeg is 31 years old and lives with her husband and infant in Bayanzurkh, an eastern district of Mongolia's capital city, Ulaanbaatar.



Davaachimeg started her business in 2004 by selling boots at Narantuul, Ulaanbaatar's largest outdoor market. She has since changed her business to selling second-hand clothes that are imported from South Korea. Over the years she has gained much selling experience and her business is successful. She focuses on being very responsive to customer's demands, thus her goods don't sit long in her stall.



Davaachimeg's husband drives a taxi between UB and Choir, a busy town in southeast Mongolia, and helps his wife out at the market in his free time. Her sister also helps out by watching the baby for them when they are busy with work. For the future, Davaachimeg says "From my business' profits I'm going to start saving for my baby's future. Also, we want to purchase a bigger car." She is requesting a 2,000,000 tugrug loan to purchase more goods.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,445.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Davaachimeg loan to purchase more second-hand clothing.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010