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Alimaa
Alimaa is 49 years old and lives in a small house in Dundgovi province, Mongolia. Her children are married and live on their own.

She started her own business selling clothing and shoes at the local market in 1996. She has lot of experience in this business and she paid her children's educational expenses from her business profits. She is a hard working, strong and enthusiastic woman. She is one of the good customers of XacBank who has a good previous loan record with no delinquency. She is now requesting loan of 5,000,000 MNT to purchase a large amount of merchandise to sell at her counter.

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
  • 1,773.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,825 helped Alimaa to purchase a large amount of merchandise to sell at her counter.
49% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
Possible