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Purew
Mr. Purew is 37 years old and lives with his wife and two children in the Uvurhangai province of Mongolia. In 2003, Mr. Purew started his local and urban passenger transit service by minibus. He upgraded his vehicle to an autobus in 2010 and has already gained recognition from his clients and customers. Since 2010, his wife has planted organic vegetables in their back yard and then sells them in the local market. Now his wife is planning to sell the organic vegetables in the Ulaanbaatar market, where the prices are higher. They bought a new jeep with their business profit in 2012. He is requesting a 2,000,000 MNT loan to harvest his wife's organic vegetables and transport them to the Ulaanbaatar market. He is a hardworking and diligent man.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Purew to harvest his wife's organic vegetables and transport them to the Ulaanbaatar market.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013