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Buyanhuu is a 56-year-old widow who lives with her 2 sons in a small house in the Hovd province of Mongolia. Her son Tomorchuluun is a university student, and Arsaa goes to the local secondary school. Buyanhuu has been selling organic dairy products from a rental counter at the local market since 1995. Her income has been covering the family's expenses and her son's tuition fee. She is now requesting 1,000,000 MNT to purchase a large amount of organic dairy products to sell to local customers. She is a hardworking, well-behaved 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
  • $15,401,550
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Buyanhuu to purchase a large amount of organic dairy products to sell.
95% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 17, 2013
Currency Exchange Loss:
Nov 17, 2013