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Gansuh
Gansuh is 34 years old and lives with his wife and two sons. They live in a Ger, a traditional nomadic tent, in the Hovd province of Mongolia. His wife Amaraa works at a local market at their rental counter selling spare parts during day, and also works cleaning the market after it closes. Their sons attend local school and kindergarten. Gansuh has been running his spare parts business with his wife for years, and he also provides auto repair services and prepares hay to sell to local herders. They are hardworking people who say, "Our only goal is to raise our children to be good people with high educations." They are now planning to purchase a plot of land neighboring their land to start growing organic vegetables for both family use and to sell to local customers. They are requesting a loan of 3,000,000 MNT.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,775 helped Gansuh to start growing organic vegetables for both family use and to sell to local customers.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014