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Nergui is 40 years old and lives with his wife and 3 sons in Ger, in Govi-Altai province of Mongolia. His wife, Altantsetseg, age 41, helps her husband run his veterinary hospital in town. His 2 sons, Uuganbayar, age 21, and Tormandah, age 18, study at the university, and his youngest son, Sod-Erdene, age 9, goes to the local school.

Nergui has been running the only veterinary hospital in town since 2004. He is well known because of his good and qualified service among herders. He is now requesting 3,000,000 MNT to purchase vaccines and other injections for his veterinary hospital. He is a hardworking and responsible 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Nergui to purchase vaccines and other injections for his veterinary hospital.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Dec 16, 2012
Jan 15, 2013
Currency Exchange Loss:
Sep 17, 2014