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Purevchuluun
Mrs. Purevchuluun is a 45-year-old woman who lives with her husband and 2 sons in a ger, in the Huvsgul province of Mongolia. In 2000, her husband started a business selling animal pelt and raw materials in the local market. Her sons, Purevbaasan and Badrah, both work at a local company.

Purevchuluun helps her husband to run their business. She is now planning to grow organic vegetables on their plot of land for both family usage and for sale. As such, she is requesting 1,500,000 MNT to purchase seeds, seedlings, and soil. She is a hardworking and well-communicative person.

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
  • $15,360,225
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Purevchuluun to purchase seeds, seedlings, and soil.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 26, 2013