Mrs. Dulmaa started her clothing retail business at a local market in 2008. She is an honest and modest woman, who has gained a lot of cutomers' trust over the years. She also has good taste in clothes, so customers like to shop at her retail counter. Mrs. Dulmaa is planning to expand her business and open her own store, in her own workplace, in the near future.
She is now requesting a 3,800,000 MNT loan to pay her daughter's university tuition, and other expenses related to her education.
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 XacBankThis 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.
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Success!! The loan was 100% repaid