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Ariunaa
Ariunaa is 40 years old and lives with her husband and three children in a small house in Ulaanbaatar, the capital city of Mongolia. Her husband, Chuluunsuh, has been helping his wife take care of livestock. Her daughter is a university student, her older son goes to the secondary school and her younger son stays at home. Ariunaa started her organic dairy products business in 2008. Now, her business is stable and she has built closer relationships with many customers. She is preparing her cattle to survive through long, harsh Mongolian winter. She needs 3,000,000 MNT to purchase forage and grass to feed her cattle during the winter. She says that "I want to expand my business by increasing the number of cattle and production of 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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Ariunaa to purchase forage and grass to feed her cattle during the winter.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014