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Hishigsuren
Mr.Hishigjargal is 68 years old and lives with his wife and son in a ger in Bulgan province Mongolia. His wife Olziijargal helps him to manage his organic dairy products production. His daughter Batzaya, is 23 years old and works in Japan as a contract worker and his son Battulga, 21 years old, studies at the national university of Mongolia. He has been managing organic dairy products production for over 22 years with his wife and they are appreciated among local customers with their high quality organic dairy products. He is requesting 1'500'000MNT to purchase a large amount of forage for his cattle to feed on during the winter. He is hardworking, responsible and an honest 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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.7
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Hishigsuren to purchase a large amount of forage for his cattle to feed on during the winter.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014