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Davaasuren
Davaasuren is 25 years old and lives with her husband and two children in a ger in Uvs province of Mongolia. Her husband Nergui works in a local company as an operator. Her daughter Enhtsetseg, age five, and son Hosbayar, age three, go to a local kindergarten. Davaasuren has been growing organic vegetables in her plot of land since 2010 and sells to local customers at her rental counter in a local market. She has just contracted with a local school and dormitory to supply her organic vegetables. She is now requesting 4,000,000 MNT to cover transportation expenses to deliver the organic vegetables to the dormitory and school and also to purchase seeds and soil for planting. She is a hardworking, welcoming and modest woman.

The picture of the borrower is at her outdoor counter of the local market.

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

  • $2,175
    Average annual income
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Davaasuren to cover transportation expenses to deliver the organic vegetables to the dormitory and school and also purchase seeds and soil for planting.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013