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Odgerel
Odgerel is 40 years old and lives with her husband in a ger (Mongolian yurt) in Selenge Province, Mongolia. Her husband is a chauffeur. Odgerel operates a vegetable and fruit trading business. She started her business in 2001. She is a trusted supplier of many shops, however she needs to build a storage area to save some supplies. She is a hard-working and diligent woman who says, "In the future we are planning to make our own grocery store." She is requesting 2,000,000 MNT to buy more fruits and vegetables and to save some supplies, because in the winter the prices will be high.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Odgerel to buy more fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2011
Listed
Nov 21, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012