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Darinchuluun
Darinchuluun is 56 years old and lives with her children and husband in a ger, Mongolian yurt, in Arkhangai province of Mongolia. Her husband helps her business. Her her older daughter is a university school student and her younger daughter is a high school student. She started her business in 2006 selling organic fruit and vegetables at the local market. Currently, she operates both an organic fruit and vegetable business and a clothes retail business. She buys organic fruits and vegetables at wholesale prices from Ulaanbaatar city. She is planning to expand her business by reserving bulk amounts of organic fruits and vegetables. She is a diligent and hardworking woman who says "Husband and I need to work hard to let our daughter be highly educated for a bright future." She is requesting a 2,500,000 MNT loan to buy bulk amounts of organic fruits and vegetables.

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 Darinchuluun to buy bulk amounts of organic fruits and vegetables.
92% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014