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Gandiimaa
Gandiimaa is 23 years old and lives with her husband and two children in Ulaanbaatar, Mongolia. Her husband works at a grocery store and her children stay at home. Gandiimaa is experienced in farming and organic milk production, since her parents are farmers as well and she works with the family business. Gandiimaa she loves her job, because she has been raising livestock since her childhood. With her integrity and hard work, she has gained number of regular customers. Currently, Gandiimaa has a 10 cows and calves in a suburban area of the city and her husband sells their organic milk to local residents.

Gandiimaa is requesting a 1,500,000 MNT loan to purchase organic forage for her livestock. Her loan will increase her working capital.

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

Success!! The loan was 100% repaid

A loan of $1,125 helped Gandiimaa to purchase organic forage for livestock.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013