Dashbalburmaa used to run a spare parts retail in the local market for two years, until 2010. She has been working as saleswoman in a local market clothes retail shop since then. She has gained a lot of experience, and is now starting her own business of retail clothing in a rental counter of the local market.
She is requesting 1,400,000 MNT to purchase a large amount of clothing inventory from Erlian, China to sell at her counter.
She is a hardworking and strong woman who says, "It is little hard being a single mother with three young daughters, but I am trying my best to raise my children to be good people."
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 XacBankThis 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.
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