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Mrs.Doljinsuren, 32 years old, lives with her husband and son in a small house in the Huvsgul province of Mongolia. Her husband, Burenbat, 37, drives a taxi. Doljinsuren's son, Altangerel, 15, is a secondary school student.

Doljinsuren has been managing an organic vegetable sales business for years at a rental counter in the local market. She has built a strong customer and supplier base. Doljinsuren is a responsible, friendly and hardworking woman who says, "I and my husband work hard for my son to be grown highly educated and let him be able to build his own brighter future for himself". She is planning to reserve a large amount of organic vegetables for the winter and she needs a 3,500,000 MNT loan to help her with this purchase.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Doljinsuren to purchase a large amount of organic vegetables to sell during the winter.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Oct 17, 2012
Nov 17, 2012
Currency Exchange Loss:
Aug 17, 2014