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Update on Amarmurun

Mrs. Amarmurun is 44 years old and lives with her husband and two children in Huvsgul. Her daughter has just graduated from high school and her son goes to kindergarten. Her husband operates a fruit and nuts trading business.

Since 2000, Amarmurun has been selling organic milk and dairy products. Her business seems to be sustainable because she has already gained a number of regular customers from the local market. She needs 1,500,000 MNT to purchase more organic milk and curds from the countryside to sell at her counter. She is a hardworking and hilarious woman who says ''My daughter will soon join to college. So I have to prepare for my daughter tuition."

Previous Loan Details

Amarmurun is 43 years old and lives with her two children and husband in a Mongolian yurt in Huvsgul, a province of Mongolia. Her daughter is a high school student. Amarmurun operates a business selling dairy products. She started her business in 2000. Now she is cooperating with another person t... More from Amarmurun's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Amarmurun to purchase more organic milk and curds from the countryside to sell at her counter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 10, 2012
Aug 19, 2012
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Amarmurun. It was first posted on Kiva on Sep, 2011. Learn More