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Alimaa is 42 years old, married, and has four children. She lives in Baganuur district of Ulaanbaatar. Her husband helps her with her organic vegetable trade business, which she started in 2009. She has an organic vegetable storage pit and organic vegetable garden where she normally grows organic vegetables. However, this year, because she has a baby, she is unable to raise vegetables. She plans to resume growing organic vegetables next year.

Alimaa is requesting a lona for 2,000,000 MNT, which she will use to purchase two tons of organic potatoes to use in her storage pit. She received a prior loan, which she used to purchase a greenhouse to extend her growing season. She is working for her children's future education.

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

Success!! The loan was 100% repaid

A loan of $1,475 helped Alimaa to purchase two tons of organic potatoes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 24, 2012
Sep 5, 2012
Currency Exchange Loss:
Sep 17, 2013