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Olziisaihan
Mrs.Olziisaihan is 50 years old, and lives with her husband and daughter in a ger in the Orhon province of Mongolia. Her husband Buyantogtoh, age 49, is a woodsman, and for years, worked at a state-owned furniture manufacturing company. Her daughter Sarangerel, age 28, helps her parents run their small business.

The borrower has been producing organic dairy products and selling to local customers. She has five milk breeding cattle, and produces enough organic dairy products. She is now requesting 2,000,000MNT to purchase a large amount of forage to feed their cattle during winter and spring.

She is a hardworking, communicative, and polite 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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Olziisaihan to purchase a large amount of forage to feed their cattle during winter and spring.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013