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Mr. Chuluun is 68 years old and lives with his wife, in an apartment in Orhon province of Mongolia. His wife, Oyuntuya, age 68, helps her husband to run his business, which includes retail sale of house plants and a photo studio. Their children have all married and moved out of their parents' house.

Chuluun has been running his business, growing and selling of house plants, since 2001. He rents a place for running this business, and his workplace needs renovation in order for his business to operate without any problems. He is now requesting a 3,000,000MNT loan, to purchase construction materials and other necessary items for renovation of his workplace. He is a hard-working, friendly and communicative 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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Chuluun to purchase construction materials and other necessary items for renovation of his workplace.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 20, 2012
Dec 16, 2012
Currency Exchange Loss:
Sep 17, 2014