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Mrs. Baigalmaa lives with her husband and two children in a 'ger' in Niseh district, Mongolia. Her husband, Batsaihan, is running a taxi service. Her two children, Oyun-Erdene and Yosun-Erdene, are secondary school students. Mrs. Baigalmaa has been working as housekeeping in Misheel group for 6 years.

The 'ger' district is not connected to the public heating systems in Ulaanbaatar city, where the coldest temperature during winter reaches minus 40 degrees Celsius. In order to stay warm during cold winter, Mrs. Baigalmaa is planning to buy a warm cover for her 'ger' (Mongolian yurt), so she is requesting a 4,000,000 MNT loan for it. She is a modest and honest person.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,875 helped Baigalmaa to buy a warm cover for her 'ger' (traditional yurt).
84% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 6, 2012
Oct 12, 2012
Currency Exchange Loss: