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Sarantuya
Mrs. Sarantuya is 43 years old and lives with her husband and three children in a Ger (a traditional Mongolian home) in Hovd province, Mongolia. Her husband, Bat-Ochir, is 47 years old. He is agrarian. Her oldest daughter, Anhbolor, is 21 years old. Her youngest daughter, Oyuntungalag, is 17 years old. Her son, Otgonbayar, is 11 years old. They study at college and secondary school. Mrs. Sarantuya started a taxi service business in 2008 and she and her husband also grow vegetables in their 1 hectare garden. They harvest around 15 tons of vegetables per year. She and her husband sell their vegetables in the market. She is a clever and hardworking woman. She is requesting 3,000,000 MNT to purchase seeds and other necessary things for year's plantation.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Sarantuya to purchase seeds and other necessary things for this year's plantation.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014