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Bayarsaihan, 35 years old, lives with his mother and sister in a small house in the Selenge province of Mongolia. His mother helps him to run his cattle breeding, pig and organic dairy production business, while his sister works at a private company. Bayarsaihan has also been running a taxi service since 2009.

He is requesting a loan of 3'000'000MNT to build a new warm barn and purchase forage for his farm. He is a hardworking, responsible and well-behaved man.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,175 helped Bayarsaihan to build a new warm barn for his farm and purchase forage for his farming business.
80% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Nov 24, 2012
Dec 23, 2012
Currency Exchange Loss: