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Mr. Nyamhuu is 36 years old and lives with his wife and 2 children in a house in the Sukhbaatar district of Ulaanbaatar, Mongolia. His 32-year-old wife, Tsetsegmaa, works with him in their cattle farm. His 2 children, Damdinsharav and Avirmed, ages 6 and 3, stay home with their grandparents during the day. He started his business of cattle farming and producing and selling organic dairy products in 2008. He has been producing and providing organic dairy products to local customers, and he is famous in the area for his organic dairy products. He is preparing for the harsh Mongolian winter by purchasing forage for his cattle to keep the dairy product production going during the winter. He is requesting 6,000,000 MNT to purchase bulk forage to feed his cattle during the harsh cold winter of Mongolia. He is a hardworking and optimistic 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,389.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,325 helped Nyamhuu to purchase bulk forage to feed his cattle during the harsh cold winter of Mongolia.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 20, 2012
Nov 19, 2012
Currency Exchange Loss:
Dec 17, 2013