Update on DelgerdalaiMrs. Delgerdalai is a 37-year-old borrower from Arkhangai province, Mongolia. Her husband started a wooden furniture manufacturing business.
Delgerdalai started growing organic vegetables in a greenhouse and is now planning on building one more greenhouse to increase the volume of organic vegetables. She also is running her organic dairy products sales business and now requests a loan of 6,000,000MNT to purchase wooden and other materials to build the greenhouse and add inventory to her husband's business. She and her husband are hardworking and positive people.
Previous Loan DetailsMrs.Delgerdalai is 36 years old and lives with her husband and daughter in a small house in the Arhangai province of Mongolia. Her husband Uuganbayar, age 33, helps his wife to run her business of organic dairy product sales in the local market. Her daughter Ariun-Erdene, age 16, is a senior stud... More from Delgerdalai'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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This loan has been fully funded!