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Ulziitegsh
Mrs.Ulziitegsh is 24 years old and lives with her husband in a Ger in Uvs province, Mongolia. Her husband, Naranhuu, age 24, is a farmer.

Mrs.Ulziitegsh used to work in a construction company for years. Recently, she helps her husband grow organic vegetables in their garden. It is a profitable business, but it is seasonal. She is planning to increase their income by lengthening the vegetable growing season, as well as the volume of their organic vegetable production. So she is planning to built a storage pit and a greenhouse.

She is asking for 2,500,000MNT to purchase construction materials to built a storage pit and a greenhouse to increase their income. She and her husband are hardworking, kind, and calm 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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,800 helped Ulziitegsh to purchase construction materials to built a storage pit and greenhouse to increase their income from organic farming.
89% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014