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Dashhuu is a 54-year-old widow who lives alone in an apartment in the Bayanhoshuu district of Ulaanbaatar, Mongolia. She has a daughter and a son who are both married and living separately. Dashhuu used to run clothing business with her husband, but after he passed away she closed the business. She is now planning to re-open her clothing business and rent a counter in a local market. Dashhuu has a lot of business experience and is a hardworking, positive, and friendly woman.

Dashhuu is requesting a 5,000,000 MNT loan to purchase items for her clothing business.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,422.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,525 helped Dashhuu to purchase items and re-start her clothing business.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 14, 2013
May 21, 2013
Currency Exchange Loss:
Oct 19, 2013