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Delgerdalai
Mrs.Delgerdalai is 36 years old and lives with her husband and daughter in a small house in the Arhangai province of Mongolia. Her husband Uuganbayar, age 33, helps his wife to run her business of organic dairy product sales in the local market. Her daughter Ariun-Erdene, age 16, is a senior student of the local secondary school. The borrower has been running her organic dairy product sales business at a rental counter of a local market since 2010. She purchases organic dairy products from herders, collects them in her husband's car and sells to local retailers as well as her retail counter at the local market. She is now requesting a loan of 4’000’000 MNT to purchase large amounts of organic dairy products from herders outside the province center. She and her husband are hardworking people who say "Our daughter will be enrolling in university next year and we need to save for her education"

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Delgerdalai to purchase large amounts of organic dairy products from herders outside the province center to sell at your retail counter.
91% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014