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Nyamaa is 36 years old, married, and has one child who attends school. They live in a ger in Darhan province of Mongolia. Her husband works at local private company as a welder. Nyamaa is half disabled and never worked before. She has started growing organic vegetables in their plot of land and is now planning to make it a business and increase the volume of organic vegetable she grows.

Nyamaa is requesting a loan for 5,000,000 MNT, which she will use to purchase large amount of seeds and soils to grow organic vegetables which she will sell to local customers. She is a hardworking, optimistic, and diligent 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

  • $5,900
    Average annual income
  • 3
    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 $3,625 helped Nyamaa to purchase lseeds and soils to grow organic vegetable.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Dec 16, 2012
Jan 15, 2013
Currency Exchange Loss:
Dec 17, 2014