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Marusya
T. Marusya is a 50-year-old single mother of one teenage son. She lives in the Arkhangai province of central Mongolia. Her son is a student at a university, and Marusya operates a dairy retail business in her local market.

She began her business in 1999 with a working capital of 100,000 MNT and in the eleven years of being in business, she has managed to increase her working capital to 3,100,000 MNT. She plans to continue to grow her business so that she can help her son in the future as he gets married and eventually starts his own family.

Marusya is requesting a 3,000,000 MNT loan in order to purchase a large variety of wholesale dairy products which she can sell from her stand for a profit.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,455.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Marusya to purchase more dairy products to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2010
Listed
Jan 18, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010