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Tserendolgor, 49, lives with her daughter in a small house in Bulgan province, Mongolia. Her daughter is a specialist for the local government. She runs a garment retail business at a rental counter. She already has many regular customers and suppliers. She wants to expand her business. During the national holiday, the demand for summer-style garments increases. Thus, she needs to buy summer clothes to sell at her retail counter in order to increase her business income as well as profit. She is a diligent, hardworking, and humble woman. She is requesting 2,000,000 MNT to purchase more summer clothes to sell.

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
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Tserendolgor to purchase more summer clothes to sell.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 4, 2012
Jul 10, 2012
Currency Exchange Loss:
Aug 17, 2014