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Ganbaatar is 32 years old and lives with his wife and three children in a ger, a traditional nomadic yurt, in Zavhan province, Mongolia. His wife helps him run their family business of organic dairy products production and sales. His three children, all aged under seven, go to a local primary school and kindergarten respectively.

Ganbaatar started his family business of organic dairy products sales and production in 2008 with his wife. He also purchases large amounts of organic dairy products from other herders and stores them until winter, close to Lunar New Year, when the price goes up to the highest and he resells to local residents. He is now requesting a loan of 2,000,000 MNT to purchase a large amount of organic dairy products from herders and sell to local residents at his stall. He is a hardworking, modest and friendly 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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,705.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Ganbaatar to purchase a large amount of organic dairy products from herders and sell to local residents at his stall.
100% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Dec 24, 2013
Jan 22, 2014
Currency Exchange Loss:
Oct 2, 2014