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Bolormaa
Bolormaa E. is 43 years old and lives with her husband and two children in a house with fence in Selenge province, Mongolia. She was married twice and has four children. The older two children live on their own while the younger two children live with her. Her older child attends university and her middle son attends a local primary school. Her husband is a driver and operates a taxi service to supplement the family earnings.

Bolormaa operates a clothes-making business in her town. She not only sews traditional Mongolian-style clothing, but she also sews European-style clothing. She started her own business in 1996 after working as a seamstress in a tailoring company between 1990 and 1996. For the future, she plans to expand her business by hiring more workers. She will use this loan to purchase necessary equipment and tools, more materials for a new assistant who will be hired soon in order to keep up with the high demand for her products.

Because she has gained a lot of experience, she has established a wide and loyal customer base. She is requesting a 2,400,000 MNT loan in order to purchase more fabrics and tools, equipment such as a zigzag machine and another sewing machine for her business.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,210.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bolormaa to purchase more fabrics and tools, equipment such as zigzag and sewing machines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2010
Listed
Dec 17, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2012