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Baljinnyam
Baljinnyam is 51 years old and lives with his wife and daughter in a Ger (traditional Mongolian felt tent) in the Uvs province of Mongolia. His wife, Oyungerel, helps her husband to run their family business, a grocery store. His daughter, Hishigzaya, is 23 years old and a sophomore student at the local university.

Baljinnyam has been running his grocery store for 14 years and gained lot of experience and loyal customers over the years. He is now requesting 2,000,000 MNT to purchase organic vegetables and fruits from local producers to sell at his store. He is a hardworking, responsible and diligent 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Baljinnyam to purchase organic vegetables and fruits from local producers to sell at his grocery store.
93% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014