Nyamjargal has been growing organic vegetables since 1991 for family use. In 1998, she expanded her volume of planting and harvest to sell to Darkhan province retailers. In 2011, she started selling organic vegetable in the local market.
She is now planning to store a large amount of fresh organic vegetables and to make preserved products from organic vegetables to sell during winter. She is asking for 1,000,000 MNT to renovate and prepare her storage pit to store the fresh organic vegetables and preserves.
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 XacBankThis 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.
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