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Mr.Zevgee is 55 years old and lives with his wife in Ger in the Uvs province of Mongolia. His wife Batdelger stays home helping her husband to take care of their greenhouse, organic vegetable and fruit trees. Zevgee has been running a butcher shop in the local market for more than 10 years and now also grows organic vegetable in his greenhouse and fruit trees on their plot of land. He is now requesting 5,500,000 MNT to renew his greenhouse cover to grow his organic seedlings and purchase meat products to sell in his rental stall in the local market. He is a hardworking, modest and optimistic 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,417.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,900 helped Zevgee to renew his greenhouse cover and purchase meat products to sell.
35% repaid
Repayment Term
49 months (Additional Information)
Repayment Schedule
May 18, 2013
Jun 21, 2013
Currency Exchange Loss: