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Zambagatsetseg is 54 years old lives with her husband and two children in Ger in the Govi-Altai province of Mongolia. Her husband, Nergui, is a herder and travels around with livestock. Her daughter, Bulgantamir, helps her father to take care of the livestock. Her son, Ochirbat, is disabled and stays home. Zambagatsetseg has been running an organic dairy products production and sales business in the local market since 2000. She is now requesting 2,000,000 MNT to purchase a large amount of organic milk and meat products to produce organic dairy and meat products. She is a hardworking, diligent and responsible woman who also has good previous loan records in XacBank.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,378.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Zambagatsetseg to purchase a large amount of organic milk and meat products to produce organic dairy and meat products.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 26, 2013
Feb 26, 2013
Currency Exchange Loss:
Jan 17, 2015