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Bazarragchaa
Mrs.Bazarragchaa is widow who lives with her daughter's family in small house in Darhan province of Mongolia. Her daughter Dashdavaa works at a private company as an assistant worker. Her son-in-law operates a micro-business of his own. Their daughters, Ariunjargal, age 13 goes to local school and Ariun-Erdene, age 3 goes to thew local kindergarten.

She has been operating the business of producing barley flour since 2004. Her business has not been growing much since then because she works with her brother and they did not have enough working capital to expand the business. They produce barley flour and sell it to Ulaanbaatar flour retailers at a wholesale price. She is requesting 1,500,000 MNT to purchase large amounts of barley to produce barley flour during winter. She is a hardworking, kind and diligent 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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Bazarragchaa to purchase large amounts of barley to produce barley flour during winter.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 16, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013