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Dolzodmaa

Update on Dolzodmaa

Mrs. Dolzodmaa lives with her husband, her mother and two children in a ger (a traditional Mongolian nomadic felt housing tent) in Niseh district, Mongolia. Her husband, Ganbuureg, is 45 years old. He manages his private business. Her older daughter, Zolzaya, is 18 years old. She is a college student. Her son, Khansuren, is 8 years old. He is a secondary school student. Her mother, Tsendsuren, is 76 years old.

Mrs.Dolzodmaa graduated with a bachelor degree in clothing design and sewing from a Kirgiz university in 1992. She worked as a dressmaker in a private company for 15 years. She started her business in 2009 to make bed sheets, blankets and cages. She has started producing felt blankets for insulating gers. She is well experienced within the industry. She is a hardworking and helpful woman.

She needs 1,000,000 MNT to purchase a raw materials for her business expansion of felt blanket production.

Previous Loan Details

Dolzodmaa is 38 years old and lives with her two children, husband and mother in a ger, Mongolian yurt, in Han-Uul district of Ulaanbaatar city, Mongolia. Her husband works at the construction company and decorates houses and apartments. Dolzodmaa started her business about 2 years ago by mak... More from Dolzodmaa's previous loan »

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.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Dolzodmaa to purchase raw materials for her business expansion of felt blanket production.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Dolzodmaa. It was first posted on Kiva on Sep, 2011. Learn More