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Zogsbaatar
Zogsbaatar is 52 years old and lives with her husband in Sukhbaatar district, Ulaanbaatar, Mongolia. Her husband operates a small tire repair service business. She started her agricultural business in 1990. She has also made baby clothes and traditional winter boots at home for 2 years. She tried breeding chickens last year and bought 6 chickens as a trial of farming chickens. It was successful and profitable and she now is planning to build a chicken house and buy a specific number of chickens to build a farming business. She needs 2,550,000 MNT to purchase chickens and build a chicken house. Zogsbaatar is a hardworking and neat woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,382.4
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,850 helped Zogsbaatar to purchase poultry and to build a chicken house.
81% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Possible