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Dorjrentsen
Mrs.Dorjrentsen is 63 years old and lives with her husband in Ger, in Ulaanbaatar, Mongolia. Her husband helps her with her taxi service business and the retail of smaller household items in an outdoor market of Ulaanbaatar.

Dorjrentsen has been running the small retail business in an outdoor market since 2004. In 2012, she bought a second-hand vehicle to start providing a taxi service business in town and her business has been running normally until her car broke down. The car is in need of repair and some parts need to be replaced.

Dorjrentsen is now requesting a loan of MNT 2,500,000 to purchase spare parts to repair her car, so she can continue to provide her taxi service. She is a hard-working and positive 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,775 helped Dorjrentsen to purchase spare parts and repair her car, so she can continue to provide her taxi service.
77% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible