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Erdenebat
Mr Erdenebat is 38 years old and lives with his wife and two children in a small private house in Ulaanbaatar. His profession is an electrician, but he has never worked in his profession. He is a quiet-natured and helpful person. His wife helps in his business, and his two children stay at home.

He started his pastoral cattle breeding business in 2002 and is still running it. He has improved his business by building a shed for his cattle. Now he is building a new house for better living conditions for his family. He needs some materials to finish the house so he is requesting 3 000 000 MNT to purchase construction materials, including vacuum windows and insulation.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,200 helped Erdenebat to purchase construction materials, including vacuum windows and insulation.
96% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Sep 5, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014