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Tserendolgor
Tserendolgor L., age 60, lives with her family in a traditional housing tent called a ger in Ulaanbaatar, the capital city of Mongolia. Both of her sons operate their own private businesses, while her husband is retired. Since 2005, she has been operating a felt-manufacturing business, producing a variety of felt slippers in her home. Her business is sustainable now as she produces each pair of slippers at a cost of 1500MNT and sells her products at a price of 3500 and 4000 MNT through her son's stall. Her production capacity is 40-60 pair of slippers per week.



Tserendolgor has received two loans thus far and has proven herself as a trustworthy customer. Very honest and well-organized, she says, " Now, I am planning to open my own workshop and to hire two more workers." She is requesting a 1,000,000 MNT loan to purchase two sewing machines for her felt production.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,327.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Tserendolgor to purchase two sewing machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2010
Listed
Sep 30, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 26, 2011