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Munhdelger
Munhdelger is 42 years old and lives with her husband and three children in a ger, a Mongolian traditional nomadic tent, in Arhangai province, Mongolia. Her husband is a herdsman and her three children, 13 to 17 years old, attend high school.

Munhdelger operates a home product sales business in a rented stall at a trading center. She started her business in 2010 after working as a salesperson for two years. Now her working capital exceeds 600,000 MNT -- which was 300,000 MNT when she started. Munhdelger gained much experience and wants to continue her business in the future. She is a hard-working lady with a good personality. She is requesting a 1,500,000 MNT loan to purchase home products 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
  • $15,310,900
    Funds lent in using Kiva
  • 1,193.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Munhdelger to purchase home products to resell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2011
Listed
Mar 31, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2011