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Marusya
Mrs. Marusya is 65 years old and lives with her husband and a son in their small house in Ger district, Dundgovi province, Mongolia. Her husband is retired and stays home. Her son is 21 and works at a local company.
Marusya drove a local hospital emergency vehicle for years and retired a few years back. She is a very careful and reliable driver and hardworking woman. Even though she is retired she started a taxi service business in town to increase the family income and provide a decent living for her family. She is now requesting loan of 5,000,000 MNT to replace her old car, which has been broken several times recently thereby not allowing her to run her business. She is also thinking of handcrafting traditional cigar cases at home in her free time.

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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,775.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,825 helped Marusya to replace her old car which has been broken several times recently and thus she was unable to run her business.
25% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
Apr 21, 2014
Currency Exchange Loss:
Possible