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Zorigt
Zorigt is 46 years old and lives with his wife and three daughters in a house in the Huvsgul province of Mongolia. His wife grows organic vegetables on their plot of land, while his older daughter, Suvd-Erdene, is a university student and his two younger daughters, Soyol-Erdene and Oyun-Erdene, are secondary school students. He and his wife are hardworking and diligent people.

Zorigt has been performing carpentry at home since 2000. He built a small workplace on his plot of land, but during winter it is not warm enough so his sales drop to the minimum level. His wife is also planning to plant seabuckthorn trees on their plot of land to produce organic fruit and fruit juice. He is requesting 3,500,000MNT to purchase insulation material for his workplace and seabuckthorn trees to plant.

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

  • $2,175
    Average annual income
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,425 helped Zorigt to purchase insulation material for his workplace and seabuckthorn trees to plant.
94% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2013