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Mrs. Ulziinyam is 48 years old and lives with her husband and son in a ger (tent) in Huvsgul province, Mongolia. Her husband, Battsagaan, is 44 years old. He runs a taxi service. Her son, Batbaatar, is eight years old. He is a second grade school student.

She started selling organic dairy products at a rental counter in 2005. In the beginning, her turnover capital was 50,000 Tugriks (MNT). Currently, her turnover capital increased and reached 3,000,000 MNT. She has improved her family life with the profits she earned. She is a hardworking and intelligent person. She needs 3,000,000 MNT to buy more organic dairy products from herders for her business.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,357.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,225 helped Ulziinyam to buy more organic dairy products from herders for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 7, 2012
Aug 21, 2012
Currency Exchange Loss:
Aug 17, 2014