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Sodbayar is 25 years old and lives with his wife, Myagmarsuren, and daughter in his own little house in Ulaanbaatar, Mongolia. His daughter is newly born. He has been running an organic milk trading business since childhood and he also started an agriculture business in 2000.

Currently he grows oats in a 20 hectare field. Now his organic dairy farm has a 17 cows, 5 oxen and 3 calfs. His wife helps with his business. His business is sustainable because he has gained many regular customers. He is a clever and humble man who said, ''When I get a loan, I want to buy six more milk cows to increase the production volume and sales." He is requesting 6,000,000 MNT to buy a good breed of cows/calves.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,500 helped Sodbayar to buy a good breed of cows/calves.
84% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 20, 2012
Aug 7, 2012
Currency Exchange Loss: