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Burmaa
Burmaa is 30 years old and lives with her children and husband in a house in Dundgovi province of Mongolia. Her husband works as a carpenter and supplies boxes and other products to Oyu Tolgoi LLC. Their living condition is little below the average. Her two children are high school students.

Burmaa started her business in 2008 by making felt and wool arts and products from her home. Now she makes souvenirs and felt arts and lambskin deels (Mongolian traditional dress). She is a hardworking and diligent woman who says "I want to develop my husband's business more and increase his income level." She is requesting a 2,000,000 MNT loan to purchase a sewing machine and materials like wool and lambskin.

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
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Burmaa to purchase a sewing machine and materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 18, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012