Update on JavzmaaJavzmaa is 40 years old and lives with her husband and 7 children in their house in Selenge Province, Mongolia. Her husband, Otgonbaatar, works in local company as driver. She has two daughters. Enhmaa, age 20, graduated from specialty training school and Bayarmaa, age 19, studies at university. Her sons Byambadorj, age 17, Lhagvadorj, age 16, and Myagmardorj, age 7, go to local schools. Her younger children Enhjin and Uchral go to a local kindergarten. The borrower has stopped her garment retail business and started an organic vegetable growing and sales business in a local market. Since 2000, she has grown organic vegetables on her plot of land for family use only. Now, she has made it business and sells her surpluses to local customers. She is now requesting a loan of 2,000,000 MNT to purchase preserving equipment and inventory to produce organic vegetable products. She is a hardworking and diligent woman.
Previous Loan DetailsJavzmaa is a forty-year-old woman who lives with her husband and seven children in Selenge province in Northern Mongolia. Her husband works as a driver for a private company. Her seven children study at college, high school and kindergarten. She has been running a garment retail business sinc... More from Javzmaa's previous loan »
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 XacBankThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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