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Mrs. Ariuntsetseg is 43 years old and lives with her husband and son in a ger in the Niseh district of Mongolia. Her husband Batbold, 42, is unemployed. Her son, Nyamdorj, who is 15, is a freshman at university. Mrs. Ariuntsetseg works at a private oil company in a gas station. She used to work at a pig farm for years. She is planning to start her own pig farm due to her experience. She has just bought two pigs and three baby pigs and now she is requesting 1,000,000MNT to build a barn for the pig farm. She is a diligent and hard-working person.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Ariuntsetseg to build a barn for a pig farm.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 23, 2012
Nov 21, 2012
Currency Exchange Loss:
Oct 17, 2013