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Hos-Erdene
Hos-Erdene is 19 years old and lives with her parents and three younger siblings in a ger in the Amgalan district of Ulaanbaatar, Mongolia. Her father Davaadeleg runs a transportation service with his truck. Her mother helps her to run her organic dairy products sales business from a rental counter at the local market. Her siblings go to local schools.

She started her organic dairy products sales business in the local market in September 2012. She is now requesting 2,000,000 MNT to purchase organic dairy products to sell at her rental counter in the local market. She is a hardworking, communicative and friendly 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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,390.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Hos-Erdene to purchase organic dairy products to sell in the local market.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014