Check out some available loans that are similar to this one!
Buyantogtoh

Update on Buyantogtoh

Buyantogtoh is widow who lives with her three children in a ger in Uvs province, Mongolia. Her daughter Dariimaa is 22 years old and is disabled. Her son Otgonsaihan is 20 years old, and he works in private company. The third child is a university student.

Buyantogtoh makes a living by making clothes and fruit-farming. These businesses are now stable, and she has one employee. She is planning to expand the business by adding new work space and recruiting an additional employee. She is a hardworking and quiet-natured person with valuable experience in both of her businesses.

She is requesting MNT 3,000,000 loan to buy fruit bushes with MNT 1,400,000 MNT and to pay her child's tuition fee with rest of the loan.

Previous Loan Details

Buyantogtoh L. is a single parent who lives with her three children. Her oldest daughter is disabled and stays at home, while her younger two children both attend a local high school. Buyantogtoh supports her family by operating a clothes-making business in her town, sewing not only the traditional… More from Buyantogtoh's previous loan »

Additional Information

More information about this loan

This loan is part of XacBank's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to secondary and higher education.

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

  • $2,175
    Average annual income
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Buyantogtoh to buy fruit bushes and to pay her child's tuition fee.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Buyantogtoh. It was first posted on Kiva on Dec, 2010. Learn More