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Batsaihan is 41 years old and lives with his wife and two children in a house in Selenge province of Mongolia. His wife, Enhnyam, 39 helps her husband to run their organic vegetable growing and production business. His daughter, Enhtsetseg, 10, and son, Batbayasgalan, 6, go to the local school. The borrower has been growing and producing organic vegetable products since 1990 on his plot of land. He and his wife have obtained lot of experience over the years. He is now requesting 500,000MNT to purchase organic lettuce to produce kimchi for local customers. He is a hardworking and responsible 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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Batsaihan to purchase organic lettuce to produce kimchi for local customers.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 17, 2013
Mar 19, 2013
Currency Exchange Loss:
Apr 17, 2013