Check out other loans that are currently fundraising!
Otgonhishig
Mrs.Otgonhishig is 36 years old lives with her mother, brother and her son in a ger in the Hovd province of Mongolia. Her mother is on a pension, and her brother lost the ability to work and stays home. She is the only working person in the family, and her son, Battomor, studies at a local school.

Otgonhishig started her organic dairy products retail business in a rental stall of the local market in 2006. She has two cows, and also produces organic dairy products herself to sell in her stall.

She is now requesting 2,000,000 MNT to purchase a large amount of dairy products from the countryside to sell to local customers.

She is a hardworking, positive and strong person.

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
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,375 helped Otgonhishig to purchase a large amount of dairy products from the countryside and sell to local customers.
85% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible