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Badamtsetseg
Badamtsetseg is 36 years old and lives with her husband and three children in Ger in Hentii province of Mongolia. Her husband, Damdinpurev, provides transportation services between the capital city and Hentii province. Her son, Hishigjargal, and daughter, Anuhatan, ages 10 and 11 years old, go to secondary school, while her youngest daughter, Tselmuun, age 3, goes to kindergarten.

Badamtsetseg has been working as saleswoman since 2007, and has built strong relationships with her customers and suppliers. She is now planning to open her own clothing retail business in the local market and she is requesting 2,000,000 MNT to purchase starting inventory for her new business. She is a positive and diligent person.

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

  • $2,175
    Average annual income
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Badamtsetseg to purchase starting inventory for her new clothing retail business.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013