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Erdenebileg
Mrs. Erdenebileg is 48 years old and lives with her husband, in a house in the Bayanhoshuu area of Ulaanbaatar, the capital city of Mongolia. Her husband, Otgonbayar, works at an auto repair company. Erdenebileg has been working at a tailoring company since 2003, and she has a lot of experience in the tailoring business. In addition, she has tailored clothes for her children, other relatives and friends, from time to time.

Now, Erdenebileg is planning to start her own business at home, providing tailoring services. She is requesting a loan of 2,500,000 MNT. She will use the loan to purchase tools and starting inventory, with which to start her business. She is a hardworking, helpful and well-experienced 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,725 helped Erdenebileg to purchase starting inventory and tools, with which to start her own tailoring business.
74% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible