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Gantuya
Mrs. Gantuya is 33 years old and lives with her husband and two children in Ger in the Bayanhongor province of Mongolia. Her husband Tomorchodor, aged 38, works at a local mining company as a driver. Her son Buman-Ayush, aged 12, goes to a local school and her daughter Bumandari, aged 5, goes to a local kindergarten.

Mrs. Gantuya has been running her butcher shop for 15 years at a rental counter of a local market. She has built a close relationship with her customers and suppliers. She purchases organic meat products from herders to sell to local customers. She is now requesting MNT 2,000,000 to purchase large amounts of organic meat products from herders to sell to local customers. She is a hard-working, open-minded and modest 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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,378.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Gantuya to purchase large amounts of organic meat products from herders to sell to local customers.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013