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Gantulhuur
Gantulhuur is 35 years old and lives with her husband and 2 children in a ger in Uvurhangai Province, Mongolia. Her husband Batnasan, 38, is herdsman and also helps his wife to run her dairy business. Her daughter Amarjargal, 16, goes to the local specialty training school and her son Eroolt, 13, goes to a local secondary school. The borrower attended local agrarian training in 2010 and has run her business of organic vegetable growing and sales since. She is also a herdswoman who has produced organic dairy products for years. She is requesting loan of 4,000,000 MNT to purchase equipment and tools to produce more dairy products to sell during winter. She is a hardworking, communicative and friendly woman.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Gantulhuur to purchase equipment and tools to produce more dairy products to sell during the winter.
91% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Dec 22, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 3, 2015