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Mrs. Monhmandal is 40 years old and lives with her husband and daughter in a house in the Huvsgul province of Mongolia. Her husband, Erdenebat, aged 36 runs a business selling animal pelts in the local market. Her daughter Zolzaya, aged 15, studies at a specialty training school. The borrower has been helping her husband to run his business. She is now requesting a loan of 3,000,000MNT to purchase noodle making equipment in order to start her own business of producing organic noodles. She is a hardworking and well-experienced 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
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Monhmandal to purchase noodle making equipment to start her own business of organic noodle producing.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 27, 2013
Feb 27, 2013
Currency Exchange Loss:
Dec 17, 2013