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Hureldavaa
Hureldavaa is 54 years old and lives with his wife and two sons in a small house in Selenge province of Mongolia. His wife Zooyo, age 58, is retired and stays home helping her husband to grow organic vegetables. Her two sons, Hosshagai, age 26, and Hurelshagai, age 22, work at a private company as assistant workers. Hureldavaa also works at a local private company as a guardsman. He has been growing organic vegetables in his garden since 1995, first for just family use and now increasing the volume and selling the excess amount in the local market. He is now requesting 1,400,000 MNT to purchase organic vegetable seeds for next year's planting and also he needs to change their windows into vacuum windows in order to reduce the heat loss. He and his family members all are hardworking people.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Hureldavaa to purchase organic vegetable seeds for next year's planting and also he needs to change their windows into vacuum windows in order to reduce the heat loss.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
May 29, 2013