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Undraga
Undraga, 34, lives with her husband and her three children in a ger (Mongolian yurt) in Ulaanbaatar city, Mongolia. Her husband runs a taxi service. Two of her children are secondary school students and the younger one stays at home. She started her building materials retail business on a rental counter in the local market in 2002. Her business is sustainable and has many regular costumers and suppliers. In the winter, air pollution is one of the biggest problems facing the Mongolian government. Her home is at a dangerous level of air quality in Ulaanbaatar. Therefore, she wants to buy land without pollution for her children's future. She says, "my children's health is very important to me" She is requesting 4,000,000 MNT to buy land located in an area with low 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,330.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,025 helped Undraga to buy land located in an area with low pollution.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 25, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013