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Update on Bayartogtoh

Mrs.Bayartogtoh is 56 years old and lives with her husband and 2 children in a ger in the Uvurhangai province of Mongolia. Her husband Duger, age 66, runs a taxi service in town. Her daughter Shinebayar, age 31, helps her mother produce organic dairy products and run a clothing sales business. Her son Bayarsaihan, age 21, is a university student. Bayartogtoh has been selling clothes since 2005 and producing organic dairy products since 2007. She is now requesting a loan of 3'000'000MNT to purchase forage for her cattle to feed on during the winter. She is a hardworking, communicative and friendly woman.

Previous Loan Details

Bayartogtoh, 55, is married and lives with her husband and children in the Uvurhangai province of Mongolia. They live in a ger, the Mongolian nomadic housing tent. Her youngest son attends college in Ulaanbaatar, the capital of Mongolia. In 2005, she began her clothing business at a stall i... More from Bayartogtoh'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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Bayartogtoh to purchase forage for her dairy cows to feed on during the winter.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 24, 2012
Jan 23, 2013
Currency Exchange Loss:
Jan 25, 2016
This photo was used before for a previous loan for Bayartogtoh. It was first posted on Kiva on Jan, 2011. Learn More