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Banzragch
Banzragch is 22 years old and lives with his wife and two children in a ger (tent) in Arhangai province, Mongolia. His wife, Altantuya, is 22 years old and daughter, Ariunbilegt, is two years old. His son, Aldarbilegt, is age one.

Banzragch started a organic dairy production trade in 2012 with his wife. He is planning to expand his business. He is a open minded and hardworking person. He needs 1300000 MNT to purchase more organic curds from sour milk and organic Koumiss (a beverage of fermented mare's milk made originally by the nomadic peoples of central Asia).

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,395.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Banzragch to purchase more organic curds from sour milk and organic Koumiss.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 30, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013