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Nergui
Mr. Nergui is 29 years old and lives with his wife in a 'ger' in Nalaih district of Ulaanbaatar, Mongolia. His wife Solongo runs their tourist camp business during the summer. This borrower has been running a tourist camp with four 'ger's in Nalaih district territory during the summer. They provide horseback riding and transportation to tourists visiting in summer. It is seasonal business and they also produce organic dairy products and sell to both locals and visitors.

Mr. Nergui is now requesting 1,700,000 MNT to purchase a second-hand eco-friendly electric and gas consuming car to provide transportation to tourists during the summer. He and his wife both are enthusiastic and open-minded 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

  • $2,175
    Average annual income
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Nergui to purchase a second-hand eco-friendly electric and gas consuming car to provide transportation service to tourists during summer.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 30, 2012
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015