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Mijiddorj
Mr. Mijiddorj is 32-years-old and lives with his wife and four children in a small old house in the Huvsgul province of Mongolia. His wife, Sosorbaram, is 37-years-old. She helps him with his organic vegetable growing and trade business. His wife also teaches organic vegetable growing techniques to local residents. His three older children go to the secondary school and his youngest son goes to kindergarten. He started the family organic vegetable growing and trade business in 2008, so he has experience in this industry. His local customers appreciate him as a hardworking and honest person. He is requesting 2,100,000 MNT loan to build an underground storage pit to extend the life of his products.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,365.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Mijiddorj to build an underground storage pit to extend the life of his agricultural products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013