Uranchimeg operates a food making and sales business, selling food to train passengers. The trains come 2 or 3 times a day. Uranchimeg started her business in 1997, and her oldest son helps her with it. Uranchimeg operates her business in a ger. She is a hardworking and good-natured woman. Her children's education is very important to her, and she needs to expand her business to pay for her children's tuition. Uranchimeg would like to increase the types of products she sells. She says, "I am working for my children's future. I have to save enough money for their college tuition." Uranchimeg is requesting 500,000 MNT to buy a cover for her business ger, for protection from cold and rain.
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 XacBankThis 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.
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