Baitag retired in 1998 and started growing organic vegetables for his family's use and expanded the volume and made it into business. He has lot of experience and regular clients over the years. His wife, Kuldi, stays home to take care of her husband and helps him to grow and sell his organic vegetables. His children got married and live separately. They also runs organic vegetable growing and retail businesses and help their parents too.
He is now requesting 5,000,000 MNT to purchase a large amount of seeds and soils and to cover some other expenses regarding plantation season.
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