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Myagmardolgor
Myagmardolgor T. is 50 years old and lives with her husband and two daughters in an apartment in Ulaanbaatar, the capital of Mongolia. Her two daughters both attend a local middle school. Her husband works as the head of a department in the Bureau of Standards.


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.

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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,324.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Myagmardolgor to purchase a sewing machine and materials.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2010
Listed
Sep 30, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011