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Dugersuren S. is 43 years old and lives with his daughter and wife in Ulaanbaatar, the capital city of Mongolia. His daughter attends a Bayanzurh district high school while his wife is a handicapped and stays at home. Dugersuren began his printing service business in 2007 in the basement of his house. He is working hard to expand his company although he is still struggling to maintain his business. Dugersuren is a modest person who is requesting a 4,000,000 MNT ($3,000 )to purchase printing equipment in order to increase his work output.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,334.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Dugersuren to purchase printing equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 17, 2010
Sep 17, 2010
Currency Exchange Loss:
Nov 15, 2010