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Mindulam
Mindulam is 32 years old and lives with her father and mother in the Uvurhangai. Her younger brother, Myagmarsuren, works in the Ulaanbaatar, Mongolia. She started a recycled materials selling business in 1996.

She sells to a plastics, cans, and glass scrap's merchant. Now her trading container is located in the center market of Uvurhangai. Her business is sustainable and has many regular customers and suppliers. This business is a green business. She wants to buy more products in order to increase the business income as well as profit. She needs 5,000,000 MNT to purchase more products. She is a laborious and creative woman.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,750 helped Mindulam to purchase more recycling products.
91% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014