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Myagmarsuren
Mrs. Myagmarsuren is a 61-year-old widow who lives in Selenge in the province of Mongolia. She has 5 children and all of them are married and have moved out of their parents'. She has been managing a livestock farm for 21 years and is located close to a railway station. She has about 300 livestock. She needs to make improvements to her house and insulation in order to lower the heat loss before the cold Mongolian winter comes.

She is requesting a 3,000,000 MNT loan to purchase vacuum windows and install a heating system to her house. Myagmarsuren's goal is to maximize her profit and to save money for her descendant's education. She is a hardworking and responsible woman.

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
  • 1,384.2
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Myagmarsuren to purchase vacuum windows and install a heating system to her house.
88% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Oct 28, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014