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Mr. Kurskhan is 55 years old and lives with his wife and three children in a private house in Bayan-Ulgii province, Mongolia. He's a very hardworking person. His wife helps him in his business, and his children are students at college and high school. He started vegetable growing, livestock raising and taxi service businesses in 2006 and is still running them. He produces 15-20 liters of milk per day from his cows. The price per liter is at 1200 MNT currently. He is working to expand the vegetable growing business. He's requesting 5,000,000 MNT to purchase a car and seeds to harvest more vegetable crops.

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
  • 1,337.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,750 helped Kurskhan to purchase a car and seeds to harvest more vegetable crops.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 10, 2012
Jul 25, 2012
Currency Exchange Loss:
Nov 17, 2013