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Dulamsuren is 52 years old and lives with her husband, son, daughter-in-law and grandson in a house in Uvurhangai Province, Mongolia. Her husband, Ganhuyag, aged 55, works with her in a food store in the local market. Her son got married this year and both he and his wife are unemployed. Her grandson stays at home with his parents.

Dulamsuren has been managing various types of businesses for a living over the years. She is a hard-working, optimistic and diligent person who says that: "the grocery store business is lot more profitable than any other business that I have run in the past. It will be able to make enough money to cover my family's expenses and to save for my nephew's future".

Dulamsuren is planning to open a general store at a rented counter in the local market. She is requesting a loan of 3,800,000 MNT to pay for the initial inventory and rent for her new grocery store business.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Dulamsuren to pay for the initial inventory and rent for her new grocery store business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 26, 2012
Nov 26, 2012
Currency Exchange Loss:
Sep 17, 2014