Check out other loans that are currently fundraising!
Baigalmaa
Mrs.Baigalmaa is 47 and lives with her family in a ger (traditional nomadic yurt) in Uvurhangai province, Mongolia. Her husband, Erdenebat, and older daughter are herders and breed and take care of their livestock. Her son and younger daughter are university students in Ulaanbaatar city.
Baigalmaa has been working as a veterinarian for years and started selling medicine from a rental booth in 2009. She sells seasonal vaccination and now the season is coming and she needs 1,000,000 MNT to purchase a large amount of vaccines and other medicine for the livestock of the town. She is a hardworking, caring and modest 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
  • $15,310,900
    Funds lent in using Kiva
  • 1,679.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Baigalmaa to purchase a large amount of vaccines and other medicine for the livestock of the town.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 4, 2014