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Udval, 45, is a widow who lives with her four children in a ger in Uvs province, Mongolia. Her older daughter Nansalmaa, 21, is a first-year university student studying nursing, and her older son Demberelnymbuu, 20, works in a private company. Her younger son Tsedenbal, 17, is a college student, and her younger daughter Nandintsetseg, 11, is a secondary school student.

Udval started her business selling dairy products in 2010. She buys products from herders at cheaper prices and sells them in the local market at retail prices. This time of the year is the high season for dairy product production, and the price is therefore lower than it is at any other time of the year. She is asking for a loan of 900,000 MNT to purchase a large amount of dairy products to sell at retail prices during the winter. She is a hardworking, brave and confident woman who says, "I want to let my children be highly educated and take care of themselves in the future without any difficulties"

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Udval to purchase a large amount of dairy products for resale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 9, 2012
Nov 6, 2012
Currency Exchange Loss:
Jan 17, 2014