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Dolgorjav

Update on Dolgorjav

Mrs. Dorgorjav is 38 years old and lives with her husband and 2 children in a small house in the Selenge province of Mongolia. Her husband Battulga, age 30, is a plumber and works on orders from customers. Her son Sanchir-Erdene and daughter Nomin-Erdene both go to a local secondary school. She has been working as a hairdresser since 1993. She started her own barbershop in February 2012 with a public shower room in town. She rents a place, and the place needs some renovation and a new heating system installed in order to lower the heat loss and to provide the local customers with better service. She is now requesting 1,000,000 MNT to purchase a new heating system to install in her workplace, a barbershop and public shower place. She is a hardworking, responsible and organized person.

Previous Loan Details

Dolgorjav is 37 years old and lives with her husband and two kids in her own apartment in the Selenge province of Mongolia. Her husband is a security guard at the local bank and her two children are students. Dolgorjav started her hairdressing business in 1993. She is very experienced and a t... More from Dolgorjav'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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Dolgorjav to purchase a new heating system to install in her workplace, a barbershop and public shower place.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013