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Altangerel is 32 years old and the head of her household. She lives with her two children in a ger in the Hentii province of Mongolia. Her daughter Ariunzaya, age 10, goes to a local primary school and her son Monhbayar, age 4, goes to a local kindergarten.

Altangerel has been selling organic fruit and vegetables since 2000. She has been operating various kinds of businesses because she is the only one working for her family. Altangerel is now requesting a loan of 2,000,000 MNT to purchase meat and livestock to sell in the local market because the fruit and vegetable business is seasonal and sales have decreased during the winter time. She is hardworking, responsible, and a communicative 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Altangerel to purchase meat and livestock to sell in the local market.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 18, 2012
Dec 17, 2012
Currency Exchange Loss:
Jun 25, 2013