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Pagmatsogsmaa
Pagmatsogsmaa S. is a married woman with one child, living in Uvurhangay province. Uvurhangay is a one of Mongolia's southern provinces, located 400 km from the capital city, Ulaanbaatar. Pagmatsogsmaa and her family live in a "ger," which is the traditional, nomadic house in Mongolia. Her ger is situated in what is known as a “ger district,” an ad hoc settlement where many families live in gers near one another.



Since 2007 she has been running a food stall business with her own stall and employing one saleswoman. She buys candy, biscuits, cookies, chocolates, dried fruits, etc. from wholesalers and re-sells them. Her business income from the food stall is her family’s main source of income.



Pagmatsogsmaa has said in Mongolian: "I have a dream to have my own supermarket in the future". With the Lunar New Year celebration approaching, small items have sold quickly; therefore, she wants a loan to buy more food products for her food stall.

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.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,495.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Pagmatsogsmaa to buy more food products such as candy, biscuits, chocolate etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2009
Listed
Mar 2, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009