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Bulgamaa
Mrs. Bulgamaa is 42 years old and lives with her husband and son in a ger (traditional Mongolian housing) in the Arhangai province of Mongolia. Her husband, Batdorj, age 49, runs a taxi service business in town. Her two older daughters are married and live separately from them. Her son, Dembereldodov, age 11, studies at a local school.

Bulgamaa has been running an organic dairy products sales business in a local market since 2004. She has gained a lot of experience and regular customers over the years.

Bulgamaa is now requesting 2,000,000 MNT to purchase a large amount of organic dairy products to sell to local customers during the Lunar New Year season. She is a hardworking and welcoming 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    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 Bulgamaa to purchase a large amount of organic dairy products to sell to local customers during the Lunar New Year season.
93% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013