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Dovdonnyam, 46, lives with her two daughters in a ger (a traditional Mongolian nomadic tent) in Tosontsengel province. One of her daughters is an elementary school student.

Dovdonnyam operates a grocery trading business. She started her retailing business in 2006 and now she wants to expand her business.

Dovdonnyam is a hardworking woman who is taking care of her two daughters alone. She believes that one day she will be a successful and well experienced business woman. She is requesting a 1,500,000 MNT loan to purchase more grocery items for her shop.

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
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Dovdonnyam to purchase more grocery items.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 19, 2011
Sep 21, 2011
Currency Exchange Loss:
Sep 17, 2013