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Chimeddulam
Chimeddulam is 50 years old and lives with her son in a ger (Mongolian yurt) in Uvurhangai Province, Mongolia. Her son is employed. She started her business in 2000 by purchasing salvaged cars and selling their parts. Now, she sells a broad range of parts and accessories; however, Japanese cars are increasing in province. Therefore, demand for their parts is high. She is requesting 3,500,000 MNT to buy car supplies. She is a sharp and hard-working woman who says, "My product's demand is decreasing, and I am getting into a danger where I could be kicked out of the market, and I need to act aggressively in order to survive".

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
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Chimeddulam to buy car supplies for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 14, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012