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Dulamsuren
Dulamsuren is 43 years old; she lives with her husband and a son in their Ger, a traditional nomadic yurt house, in Zavhan province, Mongolia. Her husband Battsogt helps his wife to run their clothes retail business and herds their livestock. Her son is 13 and studies at a local monastery school.
Dulamsuren has been herding their livestock for years until late 2013, and has just started her own clothes retail store in a rental stall at the local market. Her husband is very supportive of her and her business. She needs extra investment to run her business smoothly and is now requesting loan of 5,000,000 MNT to purchase inventories to sell at her rental stall at the local market. She is a hardworking, responsible, and enthusiastic 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
  • 1,705.9
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,950 helped Dulamsuren to purchase clothing inventories to sell at the local market.
53% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 23, 2014
Currency Exchange Loss:
Possible