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Terbish
Terbish is 34 years old and lives with her husband and daughter in Arhangai province, Mongolia. She and her family live together in a traditional Mongolian nomadic housing tent called a ger. They have been living together in their current home for 20 years. Terbish operates a mobile dairy trading business in her town. She sells a variety of dairy products such as curds, milk and other products.

Terbish started her business in 2005 with working capital of 500,000 tugrugs (~ 352 USD). After years of successful operations she has managed to increase her working capital to a level exceeding 3,000,000 tugrugs (~ 2111 USD) today. Her earnings have enabled her to buy a car which has proven useful in transporting her products and expanding her customer base. She is a very hardworking and open-minded person. Terbish is requesting a 3,000,000 tugrug (~ 2111 USD) loan to increase her business's working capital.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,434.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Terbish to increase her business's working capital.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011