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Altangerel
Altangerel T. is 49 years old and lives with her husband and two daughters in their own ger, a traditional Mongolian nomadic home tent, in Uvurhangai province, central Mongolia. Her oldest daughter is a university student while her youngest daughter works as a private businesswoman. Since 1999, she has been operating a milk, dairy products and grocery trading business in a rented stall at the local market. During the summertime she sells mare's milk (fermented milk) and has become quite experienced in the trade over the many years. She hopes to continue operating her business with stability. In the future, she dreams of establishing her own dairy product processing factory. Altangerel is requesting a 2,000,000 MNT loan to purchase dairy products and other goods at wholesale prices for her trading business.

Additional Information

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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Altangerel to purchase dairy products and other goods at wholesale prices.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2010
Listed
Nov 30, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012