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Densmaa
Mrs.Densmaa is 51 years old and lives with her husband and daughter in a Ger, traditional nomadic tent, in Uvs province of Mongolia. Her husband Tseveenjav runs a small retail store business. Her daughter Soyoloo is 22 and a university student. Densmaa worked at a local company until 2012 and then retired and stayed home since. She has started an organic dairy products retail business in the local market. Her relatives have livestock and produce organic dairy products and she purchases from them and sells to local customers. She is now requesting a loan of 1,500,000 MNT to purchase a large amount of organic dairy products to sell to local customers. She is a hardworking, communicative 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

  • $2,175
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,489.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Densmaa to purchase a large amount of organic dairy products to sell to local customers.
91% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 9, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014