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Odgerel
Odgerel, 41, is married and lives with her husband and three children in the Arhangai province of Mongolia. They live in a ger, the traditional Mongolian nomadic housing tent, on a small plot of land that they own.

She began selling meat and meat products at a local food market in 2002. She started her business with a working capital of 50,000 MNT and her current working capital exceeds 250,000 MNT. She breeds pigs which she uses for meat. Her business has become more stable and now she has her own regular customers. She is a hardworking person who says, "I am trying to save money for my children and help them to get a good education."

She is requesting a loan of 2,500,000 MNT to buy a car so that her husband will be able to help her with the business by transporting the meat from one place to another.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,208.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,075 helped Odgerel to buy a car for transporting meat.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2011
Listed
Mar 26, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012