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Boli
Boli is 51 years old, married, and has three children who attend school. She lives in her own house in Dornogovi province, Mongolia. Her husband is a car driver. Boli has had an agriculture business since 2000. She plants vegetables such as potatoes, carrots, cabbages, cucumbers, tomatoes, and peppers in her own greenhouse. Boli does not use any chemical composts. Her products are well known by its organic quality.

Starting in April, Boli plants baby plants and sales them. She not only sells vegetables, she also gives recommendations and guidance about how to plants vegetables to her custumers.

Boli is requesting a loan for 1,000,000 MNT, which she will use to buy a net and cover for her greenhouse. She is a sharp and hardworking woman who says, "Now that my daughters are in college, they need my support more than ever."

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Boli to purchase a net and cover for her greenhouse.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013