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Mr. Huhii is 54 years old and lives with his wife and son in a leased apartment in the Han-Uul district of Ulaanbaatar, Mongolia. His wife, Gantogoo, is 53 years old. She is a cook in a restaurant. His son, Munkhdelger, is 25 years old. He is freelance television producer. Mr. Huhii is employed and is also the manager of an apartment owner's association. In the past, he worked for a non-government organization. He is a hardworking and helpful person. His home is on the periphery of the town, and his wife and son work downtown. He is planning to reduce the family's expenses by buying a car that is more economical to operate. He needs 4,100,000 MNT to purchase a Prius.

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
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD