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Gerelt-Od is 31 years old. He lives with his wife and two children in Ger, in the Niseh district of Ulaanbaatar, Mongolia. His wife, Byambasuren, age 29, works as a cashier in a cafeteria. His daughter, Davaajargal, age 13, goes to a local school and his son, Davaabaatar, age 2, goes to a local kindergarten.

Gerelt-Od has been breeding cattle for years. He has 37 cattle, including baby cows, and he sells his organic dairy products to local customers and other retailers.

Gerelt-Od is now requesting MNT 4,000,000 to purchase forage and other vitalized food for his cattle. Gerelt is a hard-working, diligent, and honest man.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Gerelt-Od to purchase forage and other vitalized food for his cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 27, 2012
Dec 27, 2012
Currency Exchange Loss:
Apr 17, 2013