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Nandinsoyol-Erdene
Nandinsoyol-Erdene is 34 years old and lives with her husband, Oyunbaatar, and two children in a ger in Dornod province, Mongolia. Her daughter goes to secondary school and her two-year-old son stays at home. She started her organic dairy production business in 2009 with 5 dairy cows. She sells the organic milk to local residents. Her business seems to be sustainable because she has gained a number of regular customers. She is a good-natured woman, who says "I want to buy two more cows to improve the breeding and increase the production volume." She needs 2,000,000 MNT to purchase good breeding cows.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,337.5
    Mongolia Tugriks (MNT) = $1 USD