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Delgertsetseg
Delgertsetseg is 40 years old lives with her two children in a rental apartment in Ulaanbaatar, Mongolia. Her son, Battsogt, studies at university and daughter, Naransolongo, is 3 years old and goes to the local kindergarten. Delgertsetseg has been working as saleswoman in a construction supplies store since 2008 and just started her own store in a rental stall of a local construction supplies market. She has built close relationships with her customers and suppliers. She is now requesting 4,000,000 MNT to stock up her inventory for the renovation and construction high season. She is a hardworking, enthusiastic and diligent 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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,825 helped Delgertsetseg to stock up her inventory for the renovation and construction high season.
88% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 18, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 7, 2015