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Mrs.Gajmaa is 57 years old, and lives with her husband in the Songinokhairkhan district of Ulaanbaatar, Mongolia. Her children are married and have moved out of her house. She is retired. Her husband Dorjoo is taxi driver. Mrs.Gajmaa started her business of coal and firewood retail in 2010. She is well-experienced in this sector and she has many regular customers. She also plants and harvests organic vegetables in her greenhouse. She is planning to plant more next year and she needs 3,000,000 MNT to purchase vegetable seeds and soil in order to boost her plantation and volume of harvest. She is an honest and modest 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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Gajmaa to purchase vegetable seeds and soil in order to boost her plantation and volume of harvest.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 4, 2012
Nov 5, 2012
Currency Exchange Loss:
Sep 17, 2014