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Monhjargal
Monhjargal is 44 years old and lives with her husband and 2 sons in a Ger in Dornogobi province, Mongolia. Her husband Tuvdendorj, age 47, works at a construction site as an assistant worker. Her sons are Buyanmonh, age 21, who studies at a university; and Monh-Erdene, age 15, who studies at a local school.

Monhjargal has been running her tailoring business in town since 2005. She is now producing organic felt products such as slippers, boots, rugs, etc. for local customers, and she is requesting 2,000,000 MNT to purchase inventory and wool-combing machinery for her organic products business. She is a hardworking, diligent and responsible 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
  • 1,376.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Monhjargal to purchase inventory and wool-combing machinery for her organic products business.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014