Myagmardolgor operates a training center for traditional bootmaking in the local community. She teaches how to make Mongolian traditional boots and felt products to her customers. She also produces a variety of traditional boots and felt products herself to sell for profit. She has been engaged in this training service since 1995 and has gained significant experience with her sustainable business.
Myagmardolgor is a very polite and gentle woman. She is requesting a 1,000,000 MNT loan to purchase a sewing machine and materials for her bootmaking training center. She hopes to continue expanding her business and establish her own big training center.
About XacBankThis 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.
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Success!! The loan was 100% repaid