Update on DulamhandDulamhand is 35 years old. She lives with her two daughters in an apartment her father owns in Songinohairhan district in Ulaanbaatar, Mongolia. Her older daughter, Solongo, is 15 years old, and her younger daughter, Namuun, is 12 years old. They are secondary school students.
Dulamhand is a female head of a household. She started a handicraft business in 2002. She paints, and also makes souvenirs and sells them. She is experienced with more than 9 years in the handicraft business. She is a honest and quiet-natured person. She needs 2,000,000 Mongolian Tughriks (MNT) to purchase 20 pieces of leather, 40 pieces of framing, and paint.
Dulamhand's goal is to increase her profit and to save money for her childrens' higher educations.
Previous Loan DetailsDulamhand is 34 years old and lives with her two daughters and father in a one-room apartment in Songinohairhan district, Ulaanbaatar city, Mongolia. Her two daughters are both high school students. Dulamhand operates picture trading business. She started her business in 2002. She paints by her s... More from Dulamhand's previous loan »
About XacBankThis 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.
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Success!! The loan was 100% repaid