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Horloo is 48 years old, married and lives with her husband and four children in a ger (a Mongolian yurt) in Uvs province, Mongolia. Her husband and her elder child help with her business, another child goes to college and the younger two go to school. Horloo operates an agriculture business. She started her business in 2006. She owns her own arable land, which is located 10 km from her house. She plants grass, cucumber, tomato and onion etc. She is a sharp and hardworking woman. Now that the agricultural season is approaching, she is requesting 400,000 MNT to buy organic seeds to plant more vegetables.

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
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Horloo to buy organic seeds to plant more vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 24, 2012
May 27, 2012
Currency Exchange Loss:
Mar 15, 2013