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Mr.Ganbold is 42 years old lives with his wife and two children in a ger in the Uvs province of Mongolia. His wife, Dolgor, is a nurse in a local hospital; his son Gantogtoh, 4, and daughter Ganzaya, 3, go to a local kindergarten.

The borrower has been running organic dairy products sales in a rental counter of a local market since 2010. To run his business successfully, he has built close relationships with herders and customers.

He is now requesting 6,900,000 MNT to purchase a large amount of organic milk and dairy products to sell to local customers. He is a hardworking, diligent, 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,390.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,975 helped Ganbold to purchase a large amount of organic milk and dairy products to sell to local customers.
95% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 20, 2013
Mar 25, 2013
Currency Exchange Loss:
Sep 26, 2013