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Munhjargal
Munhjargal is 26 years old and lives with her husband and two kids in a ger (Mongolian yurt/ nomadic tent) in Govi-sumber province, Mongolia. Her husband is employed and her two kids are kindergarten students. She started her pig farming business in early 2011. She started with only two pigs and now she has 11 pigs. Even though she is fairly new to the business, she has already found a buyer. Her business has potential to grow. However, due to the lack of experience her farm is cold and she is short on food supply. She is requesting 2,800,000 MNT to buy materials for a making the sty warm and to purchase forage for her pigs. She is a sharp and hardworking woman who says, "Due to the uncomfortable farming place (sty), my pigs are tired and I'm afraid that if I keep it up this way, I will lose them."

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Munhjargal to buy materials for making the sty warm and to purchase forage for her pigs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 3, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013