Check out some available loans that are similar to this one!
Gantomor
Mr.Gantomor is a 69-year-old man who lives with his wife in a small house in the Selenge province of Mongolia. His children are married and have moved out of their parents' house. His wife helps him with the business of growing and selling organic vegetables and fruits. Mr.Gantomor started growing vegetables in 1995 for his family use and then has expanded the volume of vegetables, harvests and sells since 1996. He has been in business for years and has gained a lot of experience in organic vegetable growing and sales. Mr.Gantomor is now requesting 2,000,000 MNT to repair his existing storage pit so that he can store enough organic vegetables to sell during winter. He is a responsible, hardworking, and neat man.

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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Gantomor to repair her storage pit for organic fruit and vegetables.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013