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Mrs Byambajargal lives with her two daughters, in a ger, in Uvurhangai province, Mongolia. Her husband is deceased. Her older daughter, Byambatogtoh, is 24 years old and works in a private company. Her younger daughter, Bayartogtoh, is 17 years old, and a secondary school student.

Mrs Byambadolgor started her business in 2002 selling organic dairy products, which she purchases from herders, in the black market. Her products sell well, and she is planning to increase her product line. She has many years experience and is a friendly person. She needs 2,100,000 MNT to purchase more organic dairy products.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,550 helped Byambajargal to purchase more organic dairy products.
80% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Sep 9, 2012
Currency Exchange Loss: