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Delgertsetseg
Mrs. Delgertsetseg is a 34-year-old widow, who lives with her two children, in a ger in the Bayahoshuu district of Ulaanbaatar, Mongolia. Her son Dalaitseren, age 14, goes to a local secondary school, and her younger son Yavuuhai, age 2, goes to kindergarten.

Delgertsetseg has attended a tailoring course provided by a local NGO, and now is planning to open her own tailoring service business, in a local market. She is requesting a loan of 600,000 MNT to purchase inventory with which to start her own tailoring service business. She is a hard-working, positive, and responsible woman, who says, "I am the only one who takes care of my sons, and I will try my best to make a brighter future for them."

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $450 helped Delgertsetseg to purchase inventory to start her own business of tailoring service in a local market.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 16, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014