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Davaahuu
Davaahuu is 43 years old and lives with her sister in ger(Mongolian yurt) in Govi-altai province, Mongolia. Her sister is a college student. Davaahuu started her business in 2009 by selling garments in the market. Even though she is fairly new to the business, her products are very stylish and cheap; therefore her products sell fast. Now that winter is approaching, she needs to fill her supplies with warmer clothes; therefore, she is requesting 3,800,000 MNT to buy new dresses and winter coats. She is a sharp and hardworking woman who says "My business is going so well and if I dont sell warmer clothes, my business will shutdown."

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 $2,925 helped Davaahuu to buy new dresses and winter coats.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012