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Doljinhand
Mrs.Doljinhand is 24 years old and lives with her husband, 2 daughters and grandmother in Ger in the Arkhangai province of Mongolia. She is a calm and hardworking woman. Her husband works at the Arkhangai branch of MCS Group.

She has rented a small cafe for years. She is planning to open a grocery store near her house. She has estimated the profit and expects it would be enough to cover her family expenses and additional business expenses. In the future, she is planning to wholesale greater amounts of various foods.

She is requesting a loan of 2,000,000 MNT to buy raw materials, equipment and tools to start her own grocery store.

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
  • 1,382.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Doljinhand to buy raw materials, equipment and tools to start her own grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
May 21, 2013