Check out some available loans that are similar to this one!
Duisenbai
Duisenbai, 28, lives with his wife and his four children in a ger (Mongolian yurt) in Bayan-Ulgii province, Mongolia. Two of his children are secondary school students and the other two children are kindergarten students. He runs a handicraft business. His wife helps with his business. His business is sustainable and has many regular customers and suppliers. He bought the land that he has been living on last year. He wants to build a garden on the land he owns. He is a hardworking and clever man. He said "I want to build a garden on my land. My family should live in beautiful, comfortable, and healthy environment." He is requesting 2,000,000 MNT to buy some trees and lawn and flower seeds to build a garden.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Duisenbai to buy some trees and lawn and flower seeds to build a garden.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Jun 20, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014