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Mrs. Dulamsuren is 33 years old. She lives with her parents in a Ger (Mongolian housing tent) in the Hentii province of Mongolia. Her parents are retired and stay home.

She has been working as saleswoman in a local market since 2008. She is now planning to start her own retail clothing business from a rental counter of a local market. She is requesting 4,000,000 MNT (Mongolian tugriks) to purchase starting inventory for her newly starting business. She is a hardworking, well-experienced and positive person.

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
  • 1,386.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Dulamsuren to purchase starting inventory for her newly starting business.
100% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Jan 9, 2013
Feb 8, 2013
Currency Exchange Loss:
Apr 17, 2013