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Saran
Saran is a 40-year-old woman who lives with her husband and two children in Sukhbaatar province of Mongolia. Her husband helps with her business. Her older daughter goes to the high school and her son goes to the middle school. Today, she is well-experienced in vegetable-growing and the local residents appreciate her as a hardworking person. She started her own vegetable-growing business in 2010. Currently, Saran grows vegetables in a .5 hectare yard. She is planning to build a greenhouse and expand her business. She says "I wish that everybody eats healthy food to stay healthy." She is requesting a 5,000,000 MNT loan to buy and build a greenhouse.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,337.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,750 helped Saran to build a greenhouse and expand her business.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014