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Bolormaa is 45 years and old lives with her husband and daughter in Ger in Tosontsengel soum of Zavhan province, Mongolia.

Her husband, Tsoggerel, aged 49, works as driver in a transportation company. Her daughter, Oyun-Erdene, aged 14, studies at a local secondary school.

Bolormaa has been running a frozen traditional food manufacturing business since 2011 from her home, and selling her products to local customers. She has built strong relationships with her customers and suppliers.

She is now requesting a loan of 800'000MNT to purchase large amounts of meat and flour to produce large amounts of traditional dumplings. Lunar new year is approaching, and it is the highest season of sales of traditional dumplings.

Additional Information

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Bolormaa to purchase large amounts of meat and flour to produce large amounts of traditional dumplings, in anticipation of high sales before lunar new year.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 24, 2012
Jan 23, 2013
Currency Exchange Loss:
Dec 17, 2013