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Chimed-Ochir
Mr Chimed-Ochir is 42 years-old. He lives with his wife and four children in a ger (a Mongolian yurt) in Songinohairhan district in Ulaanbaatar, Mongolia. His wife, Davaanyamtsetseg, is 41 years-old. She is a herder. His older son, Gan-Ochir, is 21 years-old. His younger son, Tumurbaatar, is 18 years-old. His older daughter, Nyamsuvd, is 16 years-old. She is a secondary school. His younger daughter, Otgontsetseg, is 13 years-old. She is also in secondary school.

Mr. Chimed-Ochir started an organic dairy production in 2005 with his wife and two sons. He has got 22 cows and his own farm. He sells his organic milk to grocery stores and milk factory at wholesale prices. He is planning to expand his oxhouse. He needs 2 000 000 MNT to purchase building materials to do so.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,500 helped Chimed-Ochir to purchase building materials to expand his oxhouse.
97% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Aug 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013