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Orgilmaa
Orgilmaa is a 37-year-old who lives with her husband and 3 children in a ger in Mongolia's Arkhangai province. She was a herdswoman until 2005. She moved to the center of the province and started helping with her sister's business, selling livestock intestines. Orgilmaa gained lot of experience and regular customers; now, she is planning to open her own meat subsidiary products business. Her husband works at a construction company in Ulaanbaatar. Her 3 children study at secondary school. Her standard of living is normal. In the future, she wants to expand her business and open a meat wholesale business. She is requesting 900,000 MNT to buy a large amount of inventory to sell at retail prices during winter. She is a hardworking and modest person.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $675 helped Orgilmaa to buy a large amount of inventory for her newly started business.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014