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Ganhuu
Mr. Ganhuu is 23 years old and lives with his wife and twin daughters in a rental apartment in Selenge province of Mongolia. His wife Bolortsetseg, age 21, works as assistant chef in a local kindergarten. His twin daughters Enhjin and Munhjin, age 2, stay home with the borrower's mother during the daytime.

Mr. Ganhuu has been working as an assistant worker in a private construction company for years now. He is planning to study in coming years. He is now requesting 1,000,000 MNT to purchase new vacuum windows for his rental apartment in order to reduce heat loss and stay warm during harsh cold Mongolian winter. He is an enthusiastic, hardworking and honest young 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Ganhuu to purchase new vacuum windows for his rental apartment in order to reduce heat loss and stay warm during harsh cold Mongolian winter.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2012
Listed
Dec 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014