Update on DulambayarDulambayar is 46 years old and lives with her husband and three children in a ger in Hovd province of Mongolia. Her husband Altanhuyag, age 51, has a sight defect and has stayed home growing organic vegetables and doing a sales business since 1994. Her children Uuganbaatar, age 18, Altanbayar, age 14 and Osohbayar, age 8, study at local schools. She has been running an organic vegetable and fruit sales business in a local market for years. She is now requesting 2,350,000 MNT to purchase organic vegetables and fruits to sell in her rental counter at a local market. She is a hardworking and talkative person.
Previous Loan DetailsDulambayar T. is 44 years old and lives with her husband and three children in the Hovd province of Mongolia. She and her family live together in a ger, which is a traditional Mongolian nomadic tent and fence. Her three children all attend a local school. Dulambayar and her husband operate fam... More from Dulambayar's previous loan »
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 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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