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Urjinhand
Urjinhand is 57 years old and lives with her husband and her son in their small house in Selenge province in Mongolia. Her husband, Gantulga, age 58, has a business in the local market - a book, newspaper and magazine store. Her youngest son, Ganbat, studies in Mongolian National University. Urjinhand was working at a company for years and is now retired and stays home helping her husband to run his newspaper stand, and also to run her small retail clothes market.

They have been living in their house for years and needed some renovation and insulation. So she is now requesting 6,000,000MNT to purchase construction materials, vacuum windows and a new heating system and install it in their house to reduce heat loss and stay warm during harsh and cold Mongolian winter. She and her husband are hardworking, enthusiastic and positive people.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,392.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,325 helped Urjinhand to purchase construction materials, vacuum windows and a new heating system and install it in their house to reduce heat loss and stay warm during the harsh and cold Mongolian winter.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 2, 2013