His mother takes care of the milking, and producing dairy products. His mother milks 30-40 liters per day. He handles the breeding of the cattle, and preparing the grass and food for the cattle, etc.
He is planning to expand his business into a bigger farm, and to own land to breed cattle and harvest grass to feed the cattle. He is requesting 3,000,000 MNT to purchase forage (food) and grass (hay) for the cattle in preparation for the harsh Mongolian winter. He is a hardworking and welcoming person.
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 XacBankThis 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.
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