His wife, two daughters and his son all are very supportive of him and help him to run their family business. He has graduated from school in Russia and worked in various fields since. He has just bought a plot of land and built a greenhouse to grow organic vegetables and has also started operating an organic bakery production on his land in August 2012. He took baking classes and courses. He is a passionate, strict and hardworking man who needs an additional investment of 7,000,000MNT to purchase seeds for his organic vegetable plantation and to pay for packaging for his organic bakery production.
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.
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Success!! The loan was 100% repaid