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Mrs. Hajidmaa is 31 years old and lives with her parents, in a house in Huvsgul province of Mongolia. Her parents are retired and stay home. Borrower has been running a clothing-sales business in town since 2010. She is now starting her own toy store, at a rented counter in the local market. She requests a loan of 2,400,000 MNT, to purchase starting inventory for her new toy store business. She is a hard-working, modest and optimistic 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,750 helped Hajidmaa to purchase starting inventory for her new toy store business.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 21, 2013
Mar 19, 2013
Currency Exchange Loss:
Oct 2, 2014