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Tumenjargal is a 30-year-old, female, head of the family. She lives with her son and parents in Ger, in the Amgalan area of Ulaanbaatar, Mongolia. Her parents are retired and stay home taking care of her son Soronzonbold, age 4. They also help her to run her business of organic dairy products sales.

Tumenjargal has been running her organic dairy products sales business in a local market since 2011. She has gained lot of experience since then. She is now requesting a loan of MNT 2,000,000 to purchase a large amount of organic dairy products to sell at her rental counter. She is a hard-working and diligent 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
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Tumenjargal to purchase a large amount of organic dairy products to sell at her rental counter.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 25, 2013
Mar 29, 2013
Currency Exchange Loss:
Jul 9, 2013