Habanbai has had an agriculture business since 2005. He has three hectares of his own land in Buyant soum where he runs a business planting and trading potatoes and other vegetables. He also has a storage pit with a capacity of 30 tons. He keeps vegetables there to sell. His standard of living is average and depends fully on his business. His family members' health is good. He is hardworking and chary. He says, "I am waiting for prices to go up because the vegetable price is very low now." He is requesting a loan of 3,000,000 MNT to purchase seeds and fertilizer.
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.
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