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Altantuya
Mr. Altantuya, who is 43 years old, lives with his wife and two children, in a house, in the Orhon province of Mongolia. His wife's name is Dariimaa. His son is a college student, and his daughter is secondary school student. Since 1994, Mr. Altantuya has been doing his organic vegetable business in Uvs and Orhon provinces. He plants organic potatoes, organic tomatos, cucumbers etc. He is well-experienced in this sector.

His wife, Dariimaa, rents an organic vegetable-selling counter in the market of Orhon province. Mr. Altantuya planted a 5.5 hectare organic vegetable field. He is asking for 5,000,000 MNT to spend on gasoline, food and wages for his workers to harvest organic vegetables. He is honest, and his family members are hardworking people.

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
  • 1,387.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,625 helped Altantuya to pay for gasoline, food and wages for his workers to harvest organic vegetables.
100% repaid
Repayment Term
34 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 5, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
May 18, 2013