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Bulgan
Bulgan is 25. She lives with her husband and her two children in the ger district of Ulaanbaatar, Mongolia, an area of town with no running water and minimal roads. Her children are secondary school students. Since 2008, Bulgan has been working as a hairdresser. She is a diligent and smart woman. Bulgan’s husband helps with her business and she has many regular customers. In the wintertime, air quality is dangerously poor in Ulaanbaatar city because many households use coal to heat their houses. Coal usage is one of the biggest causes of air pollution in Ulaanbaatar.

Bulgan is requesting a 5,000,000 MNT loan to buy and install an electric heater and other materials in her house this summer to reduce her family’s coal usage and pollution.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,800 helped Bulgan to buy an electric heater and insulation materials in her house to reduce pollution.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013