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Dorjhand
Mrs. Dorjhand is 30 years old and lives with her mother in a rental apartment in the Amgalan district of Ulaanbaatar, Mongolia. Her mother Dovdii is retired and helps her daughter's business of organic vegetable sales in a rental place. The borrower has been running her organic vegetable sales business in a rental place since 2011. She has gained a lot of experience and regular customers over the years. She is now requesting 1,000,000 MNT to purchase organic vegetables and sell to local customers. She is a hardworking, positive and welcoming woman.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,343,850
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Dorjhand to purchase organic vegetables to sell.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015