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Derjmaa
Ms. Derjmaa is 54 years old and lives with her daughter in a Mongolian yurt, in the Uvs province of Mongolia. Her daughter, Munhgerel, works as a nurse at a polyclinic.

Last year, she bought a hectare of ground for horticulture and she planted organic potatoes, vegetables, and 300 organic sea-buckthorn trees. She is going to build a fence to protect her organic vegetables. She will sell the produce through her own mini-shop.

She is requesting 3,000,000 Tugrik (MNT) to buy flat sticks for making a fence and for the cost of the harvest. She said with a smile: "If person wants to live nicely, they should enjoy labor". She is a hardworking and honest person.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Derjmaa to buy flat sticks for a making fence for and for the cost of harvest.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014