Update on GanpurevGanpurev is 45 years old. He lives with his wife and four children in a Ger, which is a traditional nomadic tent, in Uvs Province in Mongolia. His wife, Otgonbayar, sells their organic vegetables at a rental counter in a local market. His three sons and daughter attend university, local secondary school, and primary school, and they also help their parents in the fields during their summer vacation.
Ganpurev has been growing organic vegetables on their plot of land for years and has lots of experience in the business. He increased the variety of vegetables to provide customers with high quality organic vegetables. He is now requesting a loan of 1,000,000 MNT to harvest their organic vegetables and to pay for his son's education. He is a hardworking, diligent, and well-experienced man.
Previous Loan DetailsMr. Ganpurev lives with his wife and his four children in a Ger (Mongolian yurt) in the Uvs province of Mongolia. He plants vegetables with his wife and children. He has been an agrarian for 23 years now. He has improved his skills and variety of vegetables over the years. He is popular within… More from Ganpurev's previous loan »
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 XacBankThis 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.
Concurrent and Successive Loans
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- Repayment Term
- 12 months (Additional Information)
- Repayment Schedule
- Aug 9, 2013
- Aug 28, 2013
- Currency Exchange Loss:
- Jul 17, 2014