Check out some available loans that are similar to this one!
Undraga

Update on Undraga

Undraga is 35 years old and lives with her husband and 4 children in a ger (Mongolian yurt) in Ulaanbaatar city, Mongolia. Her husband, Nyamdash, drives a taxi and provides taxi service in town. Her older 2 daughters attend local schools, her son goes to the local kindergarten and her newborn baby daughter is 3 months old.

Undraga has been staying home taking care of her newborn baby, and now has started working in her business again. She is requesting a loan of 3,000,000 MNT to purchase large amounts of construction materials to sell in her rented stall. She is a hardworking, welcoming and optimistic woman.

Previous Loan Details

Undraga, 34, lives with her husband and her three children in a ger (Mongolian yurt) in Ulaanbaatar city, Mongolia. Her husband runs a taxi service. Two of her children are secondary school students and the younger one stays at home. She started her building materials retail business on a rental ... More from Undraga's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,448.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,075 helped Undraga to purchase large amounts of construction materials to sell in her rental stall.
74% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Undraga. It was first posted on Kiva on Jul, 2012. Learn More