Check out some available loans that are similar to this one!
Sarantsetseg
Mrs. Sarantsetseg is a 45-year-old woman who lives with her husband and three children in a little house in Arkhangai province of Mongolia. She started her business in 1995 by selling dairy products at retail price. Since then, she continued her business. Now she produces dairy products and sells to the food market of Ulaanbaatar city and local market. Mrs.Sarantsetseg is planning to expand her production. She is a diligent and hardworking woman. She is requesting a 6,000,000 MNT loan to increase her turnover capital and buy more raw materials for her dairy products production and sales.

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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,325 helped Sarantsetseg to increase her turnover capital and buy more raw materials for her dairy products production and sales.
94% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014