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Update on Baygalmaa

Mrs. Baygalmaa is a 46-year-old borrower from the Uvs province of Mongolia. She lives with her 3 children in a ger, a traditional nomadic yurt, on her own plot of land. Her oldest child has gotten married and lives apart now. During the summer she moves into her small summer house.

She had started importing fruit and other small products from China a few years ago. Her oldest son has got a new job in the local police station and her youngest son is studying in the high school. She has obtained lots of experience in running an organic vegetable and fruit retail business.

Now she is requesting 7,000,000 MNT to buy more organic vegetable and fruit products to sell at her store.

Previous Loan Details

Baygalmaa, 43, is widowed and lives with her four children in Uvs province of Mongolia. Her eldest son attends a college while her two younger sons go to a local school. She makes deels (traditional Mongolian long coats) and a variety of other clothes by custom order. Her monthly net income is ab... More from Baygalmaa'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
  • 1,811.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,150 helped Baygalmaa to buy more organic vegetable and fruit products to sell at her store.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 12, 2014
Jun 14, 2014
Currency Exchange Loss:
Jan 6, 2016