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Mr. Byambajargal is 25 years old, and lives with his mother and two siblings in Tosontsengel, Zavhan province of Mongolia. He has been managing cattle since 2011 with his mother.

His mother takes care of the milking, and producing dairy products. His mother milks 30-40 liters per day. He handles the breeding of the cattle, and preparing the grass and food for the cattle, etc.

He is planning to expand his business into a bigger farm, and to own land to breed cattle and harvest grass to feed the cattle. He is requesting 3,000,000 MNT to purchase forage (food) and grass (hay) for the cattle in preparation for the harsh Mongolian winter. He is a hardworking and welcoming person.

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
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Byambajargal to purchase forage and grass for cattle in preparation for the harsh Mongolian winter.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Oct 7, 2012
Oct 31, 2012
Currency Exchange Loss:
May 22, 2013