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Dorjpurev
Mr.Dorjpurev is 26 years old and lives with his parents in a ger in the Bayanhongor province of Mongolia. His parents are both retired, and stay home. Dorjpurev used to run a taxi service business in town.

The borrower is now planning to start his own business of electronic goods repair in the local market. His father was an electric engineer, and he taught his son lot, beginning as a young boy.

Dorjpurev is requesting 2,000,000MNT to start his own business of electronic goods repair in a rented space in the local market. He is a hardworking, fast learner.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Dorjpurev to start his own business of electronic goods repair in a rental space in the local market.
93% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014