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Gantulga
Mr.Gantulga is 41 years old and lives with his wife and 3 children in a ger (traditional Mongolian tent) in the Uvs province of Mongolia. His wife, Oyunbat, herds their livestock and takes care of the family. His 3 sons study at the local school. Gantulga has herded livestock for years and has lots of experience in the business. He sells his livestock to butcher shops before winter and then prepares forage for his livestock. He is a hardworking, diligent and honest man. He is now requesting 1,500,000 MNT to purchase young livestock to herd into grown meat breeds for selling before next winter.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Gantulga to purchase young livestock to herd them into grown and meat breed and sell before winter.
88% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014