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Mrs. Lhamsuren is a 71-year-old widow lives with her niece in small house in the Arkhangai province of Mongolia.

She has been operating an organic dairy products sales business since 1998. She has built strong customer and supplier base. She has 2-3 loyal suppliers who sells organic dairy products only to her at a lower price. She has obtained lot of experience in dairy products sales business. She is planning to purchase large amount of organic dairy products and sell during winter and beginning of spring--a time when dairy production reaches the lowest point of the year and price reaches the highest point of the year. She is now requesting 3,000.000 MNT to purchase large amount of organic dairy products to sell during winter and beginning of spring.

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
  • 1,389.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Lhamsuren to purchase large amount of organic dairy products to sell during winter and beginning of spring.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Oct 20, 2012
Nov 19, 2012
Currency Exchange Loss:
Dec 17, 2013