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Javzan
Mrs. Javzan is 57 years old and lives with her two sons in a Ger, a traditional nomadic tent, in Uvs province of Mongolia. Her sons - Chingis is 26 and works at a local company, and Jangar is 21 and a university student.

Javzan worked as a nurse in a local hospital for years and retired. She started an organic dairy products retail business in a rental counter of a local market since she retired.

She purchases organic dairy products from herders near soums, smaller administrative area, and sells them to the local customers. She has built close relationships with her suppliers and customers.

She is now requesting a loan of 1,000,000 MNT to purchase large amount of dairy products to sell at her counter. She is hardworking, strong and enthusiastic 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • 1,588.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Javzan to purchase large amount of dairy products to sell at her counter.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014