Check out some available loans that are similar to this one!
Dulam
Mrs. Dulam is 48 years old. She lives with her husband and six children in a house in the Bayanhongor province of Mongolia. Her husband, Oyungerel, age 51, works in dry cleaning. Two daughters work at local grocery stores as saleswomen, and her son works at a construction site. Daughters Zolzaya, age 23, and Odtuya, age 21, are university students, and Alimaa, age 18, is a senior student at a local high school.

She has been running her organic dairy products business in a rental counter of a local market since 2004. She had started her business in 2002 as a grocery store. She has gained a lot of experience over the years and paid off her children's university tuition from her profit. She is now requesting 4,000,000 MNT (Mongolian tugriks) to purchase a large amount of organic milk to produce organic dairy products and attend the province's organic dairy products fair. She is a hardworking and diligent 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
  • 1,382.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Dulam to purchase a large amount of organic milk to produce organic dairy products and attend the province's organic dairy products fair.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 22, 2013