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Mrs. Altantsetseg is a 48-year-old widow who lives with her daughter and grandson in a small house in the Dornogovi province of Mongolia. Her daughter Ariuntuya works in a local private company as an assistant manager. Her grandson goes to a local kindergarten. The borrower has been running her grocery store in the spare room of her house. She started selling organic dairy products and vegetables in her store and now needs an extra investment of 1,500,000 MNT to purchase a large amount of organic dairy products and vegetables for her grocery store. She is a hardworking, diligent and responsible woman.

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
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Altantsetseg to purchase a large amount of organic dairy products and vegetables for her grocery store.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 15, 2013
Currency Exchange Loss:
Aug 17, 2013