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Tsagaan
Mrs. Tsagaan is 50 years old and lives with her two sons in their house in Uvurhangai province of Mongolia. Her older son works at a local company and her younger son is a university student.

Tsagaan started her business in 2005 in a rental booth of a local market and has been providing good-quality, tasteful clothing to local residents since then. She purchases her inventory twice a month from Erlian, China. She is well-known for her good service and stylish modern clothing. She is now requesting loan of 2,500,000 MNT to purchase a large quantity of winter clothing to sell at her rental booth.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,697.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Tsagaan to purchase a large quantity of winter clothing to sell at her rental booth.
99% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 1, 2014