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Dulamsuren
Mrs.Dulamsuren is 43 years old and lives with her husband and three children in an apartment in Orhon Province of Mongolia. Her husband, whose name is Choimbol, helps with her business, and he operates a taxi service business in his free time. Her oldest daughter is a college student, her youngest daughter goes to the secondary school, and her son stays at home.

In 2003, she started her own grocery business in a rented space in the local trade center. Every year her business' working capital has been increasing by 10-16 percent. Now her business' working capital is 6,300,000 MNT. Her goal is to add wholesaling to the existing retail business. She is a hardworking and friendly person.

Today, Mrs.Dulamsuren needs a 3,900,000 MNT loan to purchase insulation and decoration for her workplace and to finance the expansion.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,825 helped Dulamsuren to purchase insulation and decoration for her workplace and to finance the expansion.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014