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Purevdulam
Purevdulam is 44 years old and lives with her husband and son in her own apartment in Uvurhangai province, Mongolia. Her husband is a chauffeur and her son is a school student. She started her business in 1999 by renting a counter in market. Many new markets have opened in town therefore, she decided to build her own shop made with sandwich panels (a type of construction material). She has already planned where to build a shop, and it is located in a much more crowded place. She is requesting 3,000,000 MNT to buy sandwich panels. She is a sharp and hardworking woman who says, "My son will join college next year therefore, I need to act aggressive to increase my income."

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Purevdulam to buy sandwich panels to build a grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012