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Mrs. Ehbayar is 50 years old and lives with her mother and two children in a small house in the Han-Uul district of Ulaanbaatar, Mongolia. Her children, Batbayar and Zolboo, age 22 and 17 are medical university students. Her mother is sick and requires constant care. She has been operating various types of businesses since 1994. She has been renting a small cafeteria for years and because of her mother's medical condition, she is starting an organic food retailing store near her home. She is requesting 4,000,000 MNT to purchase organic food inventory for her grocery store business. She is a neat and hardworking 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
  • 1,392.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,875 helped Ehbayar to purchase organic food for her grocery store business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 26, 2012
Nov 20, 2012
Currency Exchange Loss:
Jan 17, 2014