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Tomorbat
Mr. Tomorbat is 45 years old and lives with his wife and 3 children in a house in the Arhangai province of Mongolia. His wife Ulamsaihan, age 44, provides tailoring services from their home. His daughters Oyun-Erdene (19) is university student, Oyunbileg (15) and son Erdenebileg (6) go to local schools. Tomorbat has been selling organic dairy products at a rental counter of a local market. He purchases organic dairy products from herders in the countryside, collects them in his own van and sells to local customers at his rental counter. He is now requesting 2,000,000 MNT to purchase larger amounts of organic dairy products from herders to sell to local customers. He is a hardworking, friendly and honest man.

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
  • $15,337,175
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Tomorbat to purchase larger amounts of organic dairy products.
87% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 28, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015