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Ganpurev
Mr. Ganpurev lives with his wife and his four children in a Ger (Mongolian yurt) in the Uvs province of Mongolia. He plants vegetables with his wife and children.

He has been an agrarian for 23 years now. He has improved his skills and variety of vegetables over the years. He is popular within the province for his organic vegetable production. Last spring, he planted potatoes, carrots, cabbages, and tomatoes in 1.2 hectares. His wife sells at a rental counter at the market.

Ganpurev has built a 15-ton storage pit in his own land. He is planning to build a greenhouse to increase his plantation duration. He is requesting 600,000 Mongolian Tughriks (MNT) to purchase necessary materials for building a greenhouse for his organic vegetable production business. He is a calm and clever 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Ganpurev to purchase necessary materials for building a greenhouse for his organic vegetable production business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013