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Orgilbulag
Orgilbulag is 31 years old and lives with her husband and two children in a ger (a Mongolian yurt) in Hovd province, Mongolia. Her husband works at a construction site. Since 2009, Orgilbulag has operated a grocery business at a local market. In 2010, she also started a sewing business. She sews custom garments, mostly traditional clothes. She is well known by her sewing skills around the neighborhood. Now that her product demand is increasing, she needs to buy more materials and more efficient sewing equipment. She is a talented young woman, and she is requesting 500,000 MNT to improve her business.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,322.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Orgilbulag to buy materials and equipment for her sewing business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Feb 29, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013