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Dolgormaa
Mrs. Dolgormaa is 33 years old and lives with her husband and two daughters in a Ger (Mongolian housing tent) in the Uvs province of Mongolia. Her husband, Boldoo, runs a taxi service business in town, and her two daughters both go to local kindergarten.

Dolgormaa has been staying home taking care of their daughters and is currently attending a specialization course to start her own small organic noodle manufacturing business at home. She is now requesting a loan of 6,600,000 MNT (Mongolian tugriks) to purchase noodle-making equipment to start her own business in order to increase her family income. She is a hardworking, kind and responsible woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,675 helped Dolgormaa to purchase noodle-making equipment to start her own business in order to increase her family income.
93% repaid
Repayment Term
36 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013