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Update on Dolgorsuren

Mrs. Dolgorsuren, 44 years old, lives with her two daughters in Uvurhangai province of Mongolia. Her daughters are secondary-school students. Dolgorsuren is an announcer at the central market, locally known as the black market. In addition, she does secretarial service and sells stationery. Her business is sustainable. She needs 3,000,000 MNT to purchase new equipment for making public announcements. She is a hard-working and hilarious woman who says ''My older daughter will soon go to college. So I have to prepare for my daughter's tuition.''

Previous Loan Details

Dolgorsuren is a 44-year-old woman, who lives with her two daughters in Uvurhangai province, Central Mongolia. Since her husband left, all the responsibility of taking care of her daughters rests with her. The daughters study at the secondary school. She has been running a public announcement... More from Dolgorsuren's previous loan »

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.

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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,362.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Dolgorsuren to purchase new equipment for making announcements.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Oct 1, 2012
Currency Exchange Loss:
Oct 17, 2013
This photo was used before for a previous loan for Dolgorsuren. It was first posted on Kiva on May, 2012. Learn More