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Erdenetsetseg
Erdenetsetseg C. lives with her mother and younger sister in Arhanghay, one of Mongolia's central provinces. During the last few years, the importation of cheap clothes from Ereen, China has become a lucrative business for locals in Arhanghay. Ereen is a Chinese border town where many small business owners travel to import cheap products for resale at their local markets.

Erdenetsetseg started traveling to Ereen in 2006 to buy cheap, quality apparel for women and men. While she is away her sister, Chuluuntsetseg, runs the stall. In the future, she hopes to expand her business and diversify her products. She requests a loan to purchase more apparel from Ereen, China.

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Erdenetsetseg purchase more apparel.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2009
Listed
Apr 9, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009