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Odgerel
Mrs. Odgerel is 28 years old and lives with her husband and a daughter in an apartment in Dundgovi province, Mongolia. Her husband, Idermunh, is 33 years old. Her daughter, Garamhand, is 1 year old. She stays at home. Odgerel has been worked in a local company and now she just started her retailing business at a rental counter in the clothes market with her husband. She is planning to increase the range of products she sells; she buys her products to offer. She is a hardworking and orderly person. She needs 3,000,000 MNT to purchase more goods for her business with the coming school year.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Odgerel to purchase more goods for her business with the coming new school year.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013