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Update on Javzandolgor

Javzandolgor is a 40-year-old woman who lives with her husband and a son in Bayanhongor province in South-Western Mongolia. Her husband is employed as a driver. Javzandolgor worked at "Eastern Light" company as a cook from 2001 to 2010. She started a garment retail business in 2008. Also, she ran a catering service business since 2010. Now the garment retail business has been successful, due to her research on the local need on the field. She brings the supplies from a border city of China, which offers thousands of stylish choices for her. The business is famous for its quality and price.

Javzandolgor is a hardworking woman who says, "I would like to take this loan for the business to purchase products wholesale from China." The total amount she is requesting is 1,000,000 MNT to buy garments from China.

Previous Loan Details

Javzandolgor T. is 38 years old and lives with her husband and son in Bayanhongor province of Mongolia. She and her family live together in a ger, which is a traditional Mongolian nomadic housing tent. Her husband has a car which is used as a taxi. Their monthly net profit is approximately 900,0... More from Javzandolgor's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Javzandolgor to buy garments from China.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 22, 2012
Apr 16, 2012
Currency Exchange Loss:
Feb 15, 2013
This photo was used before for a previous loan for Javzandolgor. It was first posted on Kiva on Aug, 2010. Learn More