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Delgermoron
Mrs. Delgermoron is a 35-year-old, divorced woman, who lives with her son in a rental apartment in Arkhangai province of Mongolia. Her son, Monhbayar, age 10, goes to a local school. She has been working as a saleswoman at a rental counter of the local market since 2004. She is now starting her own business, selling second-hand shoes at retail in a local market. She is requesting a loan of 450,000 MNT to purchase second-hand shoes from wholesalers. She is a friendly, welcoming and hard-working woman.

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.

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,332,750
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $325 helped Delgermoron to purchase second-hand shoes from wholesalers.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 16, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013