Check out some available loans that are similar to this one!
Hashdorj is 39 years old and lives with his wife and two children in a house in the Selenge province of Mongolia. His wife, Erdenechimeg, age 36, helps her husband to run their family business of organic vegetable growing and sales. HIs children, Odgerel, age 17, and Batbold, age 15, are secondary school students. Hashdorj has been running an organic vegetable growing and sales business with his wife since 2003. He has gained a lot of experience and sells his organic vegetables to Ulaanbaatar and other bigger city retailers.

Hashdorj is now requesting a loan of 6,000,000 MNT to purchase a large amount of seeds and soils to prepare for this year's planting period. He is a hardworking, welcoming, 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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,300 helped Hashdorj to purchase a large amount of seeds and soils to prepare for this year's planting period.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 17, 2013
Apr 18, 2013
Currency Exchange Loss:
Jan 17, 2014