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Odgerel
Mrs.Odgerel is 49 years old and lives with her husband and four children in the Songinohairhan district of Ulaanbaatar, Mongolia. Her husband Nergui is 51 years old and partially disabled. Her older two children go to local universities and her youngest daughter studies at the local secondary school. Odgerel has been running her tailoring service in a rented place for the last three years and now is requesting a loan of 2,000,000 MNT to purchase construction materials and insulation materials for her workplace to stay warm during harsh Mongolian winters. 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,422.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Odgerel to purchase construction material and insulation material for her workplace to stay warm during harsh Mongolian winter.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 3, 2015