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Mrs. Chantsal is 49 years old and lives with her husband and 3 children in a house in the Bayanhoshuu province of Mongolia. Her husband and 2 older children run their Mongolian Ger (a traditional Mongolian nomadic felt housing tent similar to a yurt) organic felt cover and insulation material family business in their home and sell them from a rental counter of a local market. Her youngest daughter Badmaarag, age 9, goes to a local school.

Chantsal and her family have been running the Mongolian Ger organic felt cover and insulation material business since 1997. She is now requesting 6,000,000 MNT to purchase inventory for their organic felt cover and insulation material family business. She is a hardworking, well-organized and open-minded 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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,325 helped Chantsal to purchase inventory for their organic felt cover and insulation material business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Mar 18, 2013
Currency Exchange Loss:
Jan 17, 2014