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Sendenbadam
Sendenbadam is 58 years old and lives with her husband and two children in Bayanhongor province, Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. Their quality of life is average. She provides vegetables to her family by planting them during the summer. Sendenbadam's son owns and operates a horsecart. Sendenbadam started her water selling business with a horse cart in 1990. Currently, they have been using 9 horse carts for their business, and providing jobs for six people. They will continue this business. Sendenbadam is a very hardworking person and says, “I will constantly operate this business and from the business’ profit I will buy a car for my son.”

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
  • 1,440.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Sendenbadam to purchase horse hay and to buy a car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2010
Listed
Feb 23, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011