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Taivandulam
Mrs. Taivandulam is 56 years old and a widow. She lives alone in a 'ger' in Uvurhangai province of Mongolia. Her daughter has gotten married and lives separately. Mrs. Taivandulam ran a clothing retail business since 2005 in another province. She has moved to Uvurhangai province and is now restarting her clothing retail business at a rental counter in the local market. Her daughter also runs a clothing retail business in that market and will import inventory for the borrower's business from Erlian, China.

Mrs. Taivandulam is now requesting 3,500,000 MNT to purchase start-up inventory from Erlian, China for her new clothing sales business. She is hardworking and a bright-minded 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,376.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,550 helped Taivandulam to purchase starting inventory from Erlian, China for her new clothing sales business.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014