Check out other loans that are currently fundraising!
Mr.Sumiya is 30 years old and lives with his wife and two children in a Ger, a traditional nomadic tent, in the Uvs province of Mongolia. His wife, Udval, helps him to run their family business of organic vegetable and fruits on their plot of land and in their greenhouses. His two children are toddlers and go to a local kindergarten.

Sumiya has been running an organic vegetable and fruit plantation and sales business on their plot of land since 2005. He also runs a taxi service during the winter when fruit and vegetable season ends and the family's income decreases.

Sumiya is requesting a MNT 3,000,000 loan to purchase a large amount of seeds, seedlings, and fertilizer for his organic vegetable and fruit business. He is a hard-working and confident man.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,489.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,025 helped Sumiya to purchase a large amount of seeds, seedlings, and fertilizer for his organic vegetable and fruit business.
45% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 7, 2013
Aug 12, 2013
Currency Exchange Loss: