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Tserendolgor
Mrs. Tserendolgor is a 46-year-old woman who lives with her husband and three children in a Ger (Mongolian yurt) in Hovd province of Mongolia. Her husband Purevdorj, age of 50, works as driver in a private company. Her two older children, Naranchimeg and Bathuyag, are university students, and her daughter Monhtsetseg is a secondary school student.

Tserendolgor has been breeding cattle and producing organic dairy products out of the organic milk she produces. She is planning to expand her business and purchase large amounts of milk to produce more organic dairy products to sell during the winter to local customers.

She is now requesting a loan of 2,000,000 Mongolian tughriks (MNT) to purchase a large amount of milk for producing organic dairy products to sell to local customers during the winter. She is a hardworking and diligent woman.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Tserendolgor to purchase large amount of milk for producing organic dairy products to sell to local customers during the winter.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014