Funded

Total loan: $500
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Angaa

Mongolia
Uvs, Mongolia / Milk Sales

A loan of $500 helped to purchase a large amount of meat and milk in order to increase her business sales.


Angaa's story

Angaa H. is 63 years old and lives with her two daughters in Uvs province in western Mongolia. She and her children live together in a ger, a traditional Mongolian nomadic tent. She operates a meat and milk trading business in her town. She also sells coal during the winter months to supplement her income. H. started her business in 2000 and has built a stable operation over the years. She works very hard at her business and has a built a very reliable customer base. Her earnings have allowed her to improve her family's quality of life and provide for her daughters' tuition fees.

H. hopes to continue to grow her business in the future and continue to provide for her family. She says, "My wish is to educate my children and help them to lead good lives." She is requesting a 700,000 tugrug loan to purchase a large amount of meat and milk in order to increase her business sales.

About XacBank: XacBank was founded in 2001, and listed its first loan on Kiva in January 2009. It is the largest microfinance organization in Mongolia, but also has mainstream commercial operations. XacBank has the vision, scale and innovation to develop and implement new solutions to poverty. It is currently utilizing Kiva’s 0% lending interest rate to return 9% of interest paid from borrowers to them in the form of a savings account at the end of their loans. This not only allows borrowers to gain financially, but also encourages them to save.



Loan details

Loan length:

11 months
Disbursed date: October 27, 2009

Lenders and lending teams



Loan details

Loan length:

11 months
Disbursed date: October 27, 2009