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Dugersuren
Dugersuren is 53 years old and lives with his wife and three children in a ger (Mongolian yurt) in Hovd province, Mongolia. His wife and elder daughter are employed, his youngest son is a school student and his middle son is a driver, working in Ulaanbaatar. He started his agriculture business in 2010. He plants potatoes, carrots and onions. He is an agronomist; therefore, his agriculture skill is excellent. He plants his vegetables on his brother's land. In the future he is planning to have his own land. However, due to not having a warehouse, he has to sell his products very fast and at a very low price. He is requesting 3,000,000 MNT to build a small warehouse to keep his vegetables and to purchase seeds to plant more vegetables. He is a smart and hardworking man who says, "Now that my son is attending college, I need to increase my income."

Additional Information

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

  • $2,175
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,300 helped Dugersuren to build a small warehouse to keep his vegetables and to purchase seeds to plant more vegetables.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014