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Tserendejid
Tserendejid is 50 years old and lives with her son in a ger (Mongolian yurt/ nomadic tent) in Ulaanbaatar city, Mongolia. She started her traditional clothes tailoring business in 1997 by supplying items to the markets. Her father taught her the skills of sewing when she was ten. Her sewing skills are excellent and her designs are very modern. Now that the holiday season is approaching, her product demand is increasing therefore, she's requesting 800,000 MNT to buy material to sew deel, a Mongolian traditional costume. She's a sharp and hardworking woman who says, "I enjoy what I do. I am trying not to burden my children."

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Tserendejid to buy material to sew deel, a Mongolian traditional costume.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Dec 27, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012