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Siilen
Siilen is 47 years old and lives with her husband and son in their small house in Bayanzurh district in Ulaanbaatar city, Mongolia. Her husband, Erdenechuulga, works at a local hospital as driver. Her son is serving in the military.

Siilen has been selling baby and maternity clothing from her car in front of a public maternity hospital since 2006. She has good taste in selection of baby and maternity clothing and is well known around the maternity hospital. She is planning on having a permanent workplace in the near future. She has recently changed her car into an eco-friendly electric and natural gas consuming car from her profits, and now needs an additional investment of 2,000,000 MNT to purchase inventory in order to continue her baby and maternity clothing sales mobile business. She is hardworking, clever and a welcoming woman.

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

  • $5,900
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,696.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,200 helped Siilen to purchase inventory in order to continue her baby and maternity clothing sales mobile business.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 23, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 7, 2015