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Davaajav is 25 years old and lives with his wife and son in a ger (a traditional yurt) in Tosontsengel soum of Zavhan province, Mongolia. His wife, Uuganjargal, works at the local school as an assistant teacher but she is on pregnancy leave. They are expecting their baby in February, 2013. His son, Sanchir, age 1, stays home with his mother.

Davaajav started his business of organic dairy products sales in 2009 with his brother, and now he is running the business alone. He has gained lot of experience and built strong relationships with herders and regular customers over the years.

He is now requesting 1,700,000 MNT to purchase a large amount of organic dairy products from herders. He is hardworking and diligent 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

  • $2,175
    Average annual income
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Davaajav to purchase a large amount of organic dairy products from herders.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Jan 18, 2013
Currency Exchange Loss:
Jan 17, 2015