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Suvdmaa
Suvdmaa, 49, lives with her husband and 2 daughters in an apartment in Orhon Province, Mongolia. Her husband Enhbat, 47, is disabled and stays home because he requires constant care. Her daughters Selenge, 20, and Solongo, 19, are university students. The borrower has been running a clothing sales business in town since 2006. She has gained a lot of experience over the years and covers all her family expenses all by herself with her business profit. She is now requesting 3,000,000 MNT loan to purchase a large amount of clothing inventory to help her clothing sales business run smoothly. She is a hardworking, optimistic and responsible woman.

Additional Information

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,399.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,150 helped Suvdmaa to purchase a large amount of clothing inventory to help her clothing sales business run smoothly.
91% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014