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Mr. Monhsuh is 31 years old and lives with his wife and four children in a ger on land with others in the Baganuur district of Ulaanbaatar, Mongolia. His wife Bolortuya helps her husband to run their grocery store. Monhsuh's son Monhhairhan is a freshman at a university. His other son Monhtor and daughter Sodtsetseg go to local schools. His youngest son Sodbileg goes to a local kindergarten. Monhsuh has been running a small retail business since 2004 and has just expanded the business to a bigger rental space. He needs the extra investment of 1,000,000 MNT to purchase organic fruits and vegetables to sell in their grocery store. Both the borrower and his wife are hardworking and diligent 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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,378.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Monhsuh to buy organic fruits and vegetables to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jan 26, 2013
Feb 26, 2013
Currency Exchange Loss:
Oct 17, 2013