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Dolgorsuren
Mrs. Dolgorsuren is a 47-year-old widow who lives with her son in Ger in the Uvs province of Mongolia. Her son Batsuuri, age 32, works at a local company. She has been working at a local shoe manufacturing company since 2005. She has gained lot of experience over the years. She is now planning to start her own cobbler service business at home and is requesting MNT 2,000,000 to purchase equipment and inventory for her newly starting cobbler business. She is a hardworking, diligent, and responsible 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,386.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Dolgorsuren to purchase equipment and inventory for her newly starting cobbler business.
93% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2013
Listed
Feb 8, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013