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Mrs. Alimaa is 48 years old and lives with her husband and 5 children in their Ger, a traditional nomadic yurt house in Zavhan province, Mongolia. Her husband, Tsogtbaatar, helps his wife to run their family business of organic vegetable growing and sales. Her older 2 children work at local companies and her younger 3 children attend local public schools and kindergarten, respectively.

Mrs. Alimaa started her organic vegetable growing and sales business in 2007. She has been running her business successfully for years and has increased the production and quality over the years. She is building a storage pit and needs an extra investment of 3,100,000 MNT to purchase the necessary materials to finish building. The storage pit will enable them to store their vegetables fresh for selling to local customers. She is a hardworking and modest woman.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,672.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Alimaa to purchase the necessary materials to finish building the storage pit in which to store their vegetables to keep them fresh and sell to local customers.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Dec 16, 2013
Jan 15, 2014
Currency Exchange Loss:
Jan 7, 2015