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"
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 XacBankThis 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.
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