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Mrs.Pagma is 31 years old and lives with her parents and a daughter in a ger, a traditional nomadic yurt, in Dornogovi province, Mongolia. Her father works at a local company as an escort. Her daughter studies at a local public school.

Pagma used to knit woolen and cashmere clothes at her client's request at home. She has lot of experience and regular clients over the years. She is starting to sell clothing at a rented booth at the local market. She has good taste when selecting clothes and now is requesting loan of 5,000,000 MNT to purchase a variety of winter clothes to sell at her booth. She is a hardworking and diligent lady.

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
  • 1,715.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,925 helped Pagma to purchase a variety of winter clothes to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 28, 2013
Nov 28, 2013
Currency Exchange Loss:
Sep 4, 2014