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Ichinnorov is 42 years old. He lives with his wife and three children in small house in the Arhangai province of Mongolia. Along with his wife, Gegeensuvd, who is 34, Ichinnorov runs an organic dairy products business. They have been running this business for years and have gained many regular customers and have a great deal of experience. Ichinnorov has three children: a son, Buyandelger, who is 15; a daughter, Buyanhishig, who is 12; and a son, Buyantogtoh, who is five. His children go to local schools.

Ichinnorov is requesting a 2,500,000 MNT loan to purchase a large amount of organic dairy products to sell to local customers. He and his wife are hardworking, enthusiastic, and optimistic 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Ichinnorov to purchase organic dairy products to sell to local customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 25, 2013
Currency Exchange Loss:
Dec 17, 2014