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Monhtuya
Monhtuya is 34 years old and lives with her husband and daughter in a ger (a traditional yurt) in the Bayanzurh district of Ulaanbaatar, Mongolia. Her husband, Batmunh, works in a private construction company as an assistant worker. Her daughter, Bolortsetseg, age of 14, is a secondary school student.

Monhtuya has been running a business of organic vegetable sales in the local food market for seven years. She is a diligent, hardworking and responsible woman. She has gained a lot of experience in the organic vegetable sales business.

She is now requesting 2,000,000 MNT to reserve a large amount of organic vegetables to sell in her rental counter at the local food market.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Monhtuya to reserve a large amount of organic vegetables to sell in her rental counter at the local food market.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013