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Erdenebold
Erdenebold is 32 years old and lives with his wife and two children in a ger (Mongolian yurt) in Ulaanbaatar, Mongolia. His wife helps with his business and his children are kindergarten students.

Erdenebold started his vacuum-insulated window manufacturing business in 2010. Before he started the business, he had four years of experience working in a vacuum-insulated window factory. Since he started the business, he has become a supplier for many companies. In 2011, he opened his own vacuum-insulated company. His products are well-designed and his customers are satisfied with them.

Vacuum-insulated windows are very energy-efficient; they protect from cold in the winter and heat in the summer. Now that his business is doing well, his product demand is high. Therefore, Erdenebold needs to purchase more materials to make more energy-efficient, vacuum-insulated windows in order to meet the market demand. He's requesting 2,000,000 MNT to purchase more materials.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Erdenebold to buy more materials with which to make energy-efficient, vacuum-insulated windows.
94% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013