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Mr. Otgonbaatar is 32 years old and lives with his wife and three sons in a small house in Selenge Province of Mongolia. His wife, Gantsetseg, age 32, grows and sells organic vegetables on their plot of land. His sons, Huslenbayar, age 13, and Bat-Ireedui, age 10, go to local schools, and his younger son, Osoh-Ireedui, age 4, goes to a local kindergarten.

Otgonbaatar has been running an auto repair service business since 2002. He and his wife are planning to insulate their house and are now requesting 5,000,000 MNT to purchase insulation materials and seeds and soil for his wife's organic vegetable business.

Otgonbaatar is a hardworking and responsible person.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,625 helped Otgonbaatar to purchase insulation materials and seeds and soil for his wife's organic vegetable business.
72% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 25, 2012
Jan 24, 2013
Currency Exchange Loss: