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Shirgal
Shirgal is 50 years old lives with his wife and three children in a Ger in Bulgan province of Mongolia. His wife Tsetsgee works at a local transportation office as a clerk. His two sons, Batmonh, age 27, and Batmend, age 25, work at private companies as engineers. His daughter Buyanzaya, age 17, has just enrolled at university. Borrower has been running his business of bakery and felt production in his home and he also sells organic dairy products and vegetables at the local market. He also rents his spare space to his neighbors as a storage pit. He is now requesting 2'500'000MNT to purchase organic dairy products and vegetables to sell during winter. He and his family 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Shirgal to purchase organic dairy products and vegetables to sell during winter.
87% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2012
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014