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Mrs. Dugarsuren is a 47-year-old woman who lives with her two sons in a Ger, a traditional nomadic tent, in Uvs province of Mongolia. Her older son has just graduated university and is looking for a job and her younger son attends a local secondary school. Dugarsuren has worked as a saleswoman in a local market selling electric appliances for years and is now starting her own business of a general store at a rental counter of the local market. She is now requesting 500,000 MNT to purchase starting inventory for her general store business. She is a hardworking and welcoming 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
  • 1,489.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Dugarsuren to purchase starting inventory for her general store business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 2, 2013
Aug 4, 2013
Currency Exchange Loss:
Sep 2, 2014