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Delgerbayar
Delgerbayar is 32 years old and lives with her husband and daughter in a small house in the Huvsgul province of Mongolia. Her husband Lhagvasuren has been running a taxi service business in town since 2008. Her 3-year-old daughter Enerjin goes to the local kindergarten. Delgerbayar works as a saleswoman in the local market and she is now starting to grow organic vegetables on their plot of land. She and her husband used to help their parents to grow and sell organic vegetables for years. She is now requesting loan of 3,000,000 MNT to purchase seedlings, seeds and soils for the plantation of her organic vegetable-growing business. She is a hardworking, optimistic and open-minded woman.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Delgerbayar to purchase seedlings, seeds and soils for the plantation of her organic vegetable-growing business.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014