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Erdenchimeg
Erdenchimeg is 27 years old and lives with her husband and two children in a ger (Mongolian yurt) in Ulaanbaatar city, Mongolia. Her husband runs his own business and her two children are kindergarten students. She started her kids' garment retailing business in early 2010. Her sales location is excellent and well known by her customers. Her garments are of good quality and affordable. Now that summer is approaching, she needs to buy more supplies. She is a sharp and hardworking woman who says, "now that my children are in kindergarten, I finally have time to expand my business". She's requesting 2,500,000 MNT to buy more summer garments for 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Erdenchimeg to buy more summer garments for her children's clothing store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
May 8, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012