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Rolom
Rolom is 48 years old and lives with her husband and their four children in Ovorhangai province, Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. Rolom operates two businesses: clothing manufacturing and meat selling. Rolom's personality and health are good, and her business experience is improving. She plans to expand the business and increase her profits in the future. She has been operating the meat selling business with her husband at the rental counter of the Zanabazar market since 1998. Presently, her working capital is 1,500,000 tugrugs (~ 1055 USD), her average monthly sales revenue is 2,600,000 tugrugs (~ 1829 USD), and her monthly profit is 370,000 tugrugs (~ 260 USD).

Previously, Rolom had been operating a clothing manufacturing business, which she still runs in her spare time. She operates this business with her daughter, and they produce "deel" (Mongolian traditional clothing), coats, bags, and more. Rolom is requesting a 2,000,000 tugrug (~ 1400 USD ) loan to purchase a large amount of silk and material in order to produce and sell Mongolian traditional clothing during the upcoming Mongolian Lunar New Year celebration. Rolom is a decent, very hardworking, precise and optimistic person. She would like to create a secure financial future in order to continue to pay for her children's education.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,430.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Rolom to purchase a large amount of silk and material.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2010
Listed
Feb 25, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011