This borrower has been helping her husband to run their general store in a rented counter of the local market for some years. They import inventory from China and sell it to local customers. They transport their goods by train and use a taxi or other transportation to bring them from the train station to the market. Mrs. Purevdulam is now requesting a loan of 5,250,000 MNT to purchase an Eco-friendly electric and gas consuming car to reduce their transportation expenses. She and her husband are hardworking, responsible and friendly people.
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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 XacBankThis 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.
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