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Dulmaa
Dulmaa, 59, is married and lives with her daughter in Govi-Altai province of Mongolia. She used to live with her two daughters, but her older daughter got married recently. Her brother grows vegetables at the farm which is 158 km far from the city center. She worked as a janitress at a Medical University for 31 years and began selling vegetables when she retired from her work in 1997. She sells vegetables at a rented stall. She began taking business loans from the bank in 2005. She sells the vegetables purchased from individuals in addition to her brother's crops. She bought a house with land in 2010 with the profit from her business. She is a hardworking and open-minded person who says, " I am trying to save some money to buy a car for my daughter." She is requesting a loan of 1,500,000 MNT to buy seeds and purchase potatoes 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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,216.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Dulmaa to buy seeds and purchase potatoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2011
Listed
Mar 22, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2011