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Tovzaya

Update on Tovzaya

Mrs. Tovzaya is a 32-year-old borrower from Uvs province in Mongolia. She lives with her family on her own fenced-in land. Her husband does his own transportation business.

Tovzaya is an entrepreneur who is sewing car seat covers and providing people with her own car seat covers. Before that, she used to sew Deel, a Mongolian traditional dress. Now, she is sewing all kinds of car seat covers, from trucks to sedans.

Tovzaya is requesting MNT 2,500,000 to purchase car seat cover materials. She is a cheerful and hard-working woman.

Previous Loan Details

Mrs.Tovzaya is 32 years old lives with her husband and 2 sons in their Ger, a traditional nomadic yurt, in Uvs province, Mongolia. Her husband Ganzorig runs a transportation service business in town. Her 2 sons both attend local primary school. Tovzaya used to tailor clothes by clients' orders at… More from Tovzaya's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,811.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,400 helped Tovzaya to purchase car seat cover materials.
37% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 12, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Tovzaya. It was first posted on Kiva on Mar, 2014. Learn More