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Mrs.Soli is 50 years old, and lives with her husband in the Hovd province of Mongolia. Her husband name is Bayasgalan, who also helps her business.

She has been in the dairy products sales business since 2011 in the local market. She is a diligent, hard-working and friendly woman who has gained a lot of trust from his customers; she is experienced in the business. She purchases large amounts of organic dairy products directly from herders in towns closer to the province center; she sells in it at retail prices in the local market.

She is requesting 1,000,000 MNT to reserve a large amount of organic dairy products to resell during the winter.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Soli to reserve a large amount of organic dairy products to sell during the winter.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 30, 2012
Nov 1, 2012
Currency Exchange Loss:
Oct 17, 2013