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Mrs.Baasanjav is a college student and lives with her retired parents and her two younger brothers in a house in Ulaanbaatar, the capital city of Mongolia. She is not married.

She started working in the family's grocery business in 2007. The ger district is not connected with the public heating systems in Ulaanbaatar city, where peak cold weather reaches minus 40 degrees. To fight the cold weather, Mrs.Baasanjav is planning to purchase a gas-stove to heat the grocery store, for better living conditions. Consequently, she is requesting a 6,000,000 MNT loan for that purpose. Her parents say about their daughter: "My daughter is an honest and responsible person. We always support her with our hearts."

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,400 helped Baasanjav to purchase a gas-stove to heat the grocery store, for better living conditions.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 1, 2012
Aug 31, 2012
Currency Exchange Loss:
Sep 17, 2013