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Mrs. Nurgizar is 56 years old and lives with her husband and two children in a house in Bayan-Ulgii province, Mongolia. Her husband Birlestik works at a theater as a musician. Her daughter Bahitgul, age 20, and son Talgat, age 16, are university and secondary school students.

This borrower has been running an organic meat products business in the local market for 15 years. She has gained a lot of experience as well as her customers' trust over the years. She is now requesting 1,000,000 MNT to purchase a large amount of meat and livestock from herders to sell to local customers. She is hardworking, open-minded and an optimistic 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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Nurgizar to purchase a large amount of meat and livestock from herders and sell to local customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 17, 2013
Apr 18, 2013
Currency Exchange Loss:
Aug 18, 2014