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Monhtsetseg
Mrs Monhtsetseg is a 30-year-old female head of the family who lives with her three children in Ger, in the Bayanhoshuu district of Ulaanbaatar, Mongolia. Her 9-year-old daughter, Anudari, goes to a local primary school and her 5-year-old duaghter, Anuzaya, goes to a local kindergarten. Monhtsetseg gave birth to her son, Saruulbayar, just 3 months ago. She has been running a clothing sales business since 2009. However, her business is temporarily on hold because of her pregnancy leave and maternity leave. She is now requesting 1,500,000 Mongolian tugriks (MNT) to purchase new clothing to restart her business in order to cover her family's expenses. As she has a new baby, her family expenses have increased. She is a hardworking, positive woman.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Monhtsetseg to purchase new clothing to restart her clothing sales business following the birth of her son.
91% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 19, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014