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Delgermurun
Delgermurun S. is 38 years old and lives with her husband and two sons in an apartment in the Han-Uul district of Ulaanbaatar, the capital city of Mongolia. Delgermurun operates an energy device trading business. She started her business in 2007 and has gained significant experience. She is a very talented and smart woman who can speak Chinese as well as her native language. She has been achieving small and medium tenders related to her business. In the future, she plans to expand her business by advertising through TV, newspaper and other media devices. She is requesting a 3,500,000 MNT loan to use for cost offsets which have risen due to importing more energy devices from China.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,247.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Delgermurun to import more energy devices from China.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2011
Listed
Jan 5, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011