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Mrs. Doloonjin is 38 years old and lives with her husband and 3 children in a small house in the Selenge province of Mongolia. Her husband Tsogbadrah, 38, is a firefighter at the local fire department. Her twin sons Bathuu and Bat-Erdene are 17 years old and go to the local secondary school, and her daughter Tergel is 2 years old and goes to the local kindergarten. She has been working as a saleswoman in a local market since 2003. She has gained a lot of experience over the years, and she is now planning to start her own clothing retail business in the market. She is now requesting 1,300,000 MNT to purchase a starting inventory for her newly started clothing retail business. She is a hardworking, responsible and diligent woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Doloonjin to purchase starting inventory for her newly started clothing retail business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 16, 2012
Currency Exchange Loss:
Apr 16, 2014