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Altansuvd
Mrs. Altansuvd is 42 years old and lives with her son in a Ger (Mongolian housing tent) in the Bulgan province of Mongolia. Her son, Dolgorjav, is 11 years old and studies at a local school.

Altansuvd has been operating a small bakery at home since 2008. She sells her products in the local market every day during lunch and breakfast time. She has built a close relationship with her clients over the years and is well-known for her tasty and cheap bakery. She is now planning to start producing organic instant noodles at home and is requesting 1,000,000 MNT (Mongolian tugriks) to purchase equipment to start producing organic noodles at home. She is a hardworking, strong and friendly 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $700 helped Altansuvd to purchase equipment to start producing organic noodles at home.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014