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Saijrah
Saijrah is forty-four years old. She lives with her husband and two children in a small house in Niseh District, Ulaanbaatar, Mongolia. Her husband, Batbold, 48, is in charge of sales for her tailoring business. Her sons, Anhbaatar, 24, and Byambasuren, 21, both work as assistants at local companies.

Saijrah has been operating her tailoring business since 1996. She has already built close relationships with both local and regional customers and suppliers. She is now requesting a 1,289,800 MNT loan to purchase construction materials to renovate and insulate her workplace in order to increase effectiveness and productivity. She is hardworking, diligent, and an open-minded 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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $950 helped Saijrah to purchase construction materials to renovate and insulate her workplace in order to increase effectiveness and productivity.
90% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014