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Mrs. Badamsuren is 44 years old and lives with her husband and two children in a house in the Amgalan area of Ulaanbaatar, Mongolia. Her husband Purevsuren, age 42, works at the state-owned company as driver. Her son Purevdagva, age 20, is a university student and her daughter Purevmaa, age 15, goes to a local school. The borrower has been running her organic dairy products sales business in the local market since September 2012. She has worked as a saleswoman before and has experience in the business. She is now requesting 1,000,000 MNT to purchase a large quantity of organic dairy products to sell to local customers. She is a hardworking, self-asserting and honest 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Badamsuren to purchase a large quantity of organic dairy products to sell to local customers.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 5, 2013
Mar 8, 2013
Currency Exchange Loss:
Mar 3, 2015