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Hajidmaa T. is a 36-year-old single mother who lives with her three children and her mother in Uvurhangai province, central Mongolia, in a 2-storey- house. Hajidmaa currently operates a clothing business in her town to support her family. She started her business in 1997 and since then she has been operating it in a stable fashion out of a rented stall at the local market. She has found success in her new trade and attributes this to her good business knowledge and selling skills.

Hajidmaa has purchased a new container where she will sell her products and work separately and independently from her friends. Hajidmaa is very hard-working, optimistic and is persistent in achieving her goal. She has been considered as a reliable borrower of Xacbank. She says, "My business is continuing quite well. I began running it with my friends, but now I am able to employ a salesperson. I am trying my best to own my own store with the help of my children, and I wish them to grow up to be highly educated people in the future." Hajidmaa is requesting a 4,000,000 MNT loan to purchase and import more clothes from Erlian city in China for her business.

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
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Hajidmaa to purchase more clothes to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 16, 2010
Jul 5, 2010
Currency Exchange Loss:
Aug 22, 2011