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Galsanjamts
Galsanjamts lives with a son in a small house in Arhangai province, which is one of the leading organic dairy producers of Mongolia. Galsanjamts is 60 years old. He has been producing organic dairy products since 2005 and he sells them in the center of the province in Ulaanbaatar city. When he bought three cows in 2010, his yield of milk was improved and increased the volume of production. He purchased a car for his son`s taxi business with his business profit.

Now Galsanjamts is requesting 6,000,000 MNT to purchase a good breed of cows. In that way, it is possible to produce many kinds of organic dairy products. He is a public and reticent man.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,342.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,475 helped Galsanjamts to purchase a good breed of cows.
94% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 1, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014