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Chimedtsogzol is 51 years old and lives with her 4 children in Arhangai province in Central Mongolia. Since her husband died 5 years ago, she became the only person taking care of and earning money for the family. Her daughter is now employed and independent. Chimedtsogzol has been selling dairy products in a market regularly since 2000, both in the neighboring province and in the capital city. Since her income is not enough to support the family, she would like to increase her variety, sales and income and extend her business further.

Chimedtsogzol is a sharp and hardworking woman who says, 'I'd love to extend my business based on my 12 years of experience in order to help my family financially."' The total amount she is requesting is 1,200,000 MNT to purchase dairy products such as milk, dried curds, curds, etc. from herders,

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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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,374.0
    Mongolia Tugriks (MNT) = $1 USD