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Mrs.Odgerel is 27 years old and lives with her parents, younger sister and her daughter in a house in the Tolgoit area of Ulaanbaatar city, Mongolia. Her parents work in local companies and her daughter Purevjargal is 5 and goes to local kindergarten.

Odgerel has been working as saleswoman in a local market for years and has obtained lot of experience and built close relationships with her clients and suppliers. She is now starting her own clothing retail business in the local market and requesting 2,000,000 MNT to import a variety of clothing from China to sell at her rental stall. She is a hardworking, modest and open-minded woman who hopes to expand her business in the future and have her daughter grow up with a good education.

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
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Odgerel to import a variety of clothing from China to sell at her rental stall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 14, 2013
Jul 5, 2013
Currency Exchange Loss:
Nov 17, 2013