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Lhamsuren is 50 years old, married and living with her husband and two sons in Selenge province. Her husband is 58 years old and transports goods by his Russian truck Zil-130. An older son, Battsogt, is 30 years old and he runs a private business. The younger son, Bayarbat, is 20 years old and he is a student.

Lhamsuren has been planting potatoes and other vegetables within her fence for more than 10 years. Also, she started a food-selling business in 2008 and has got selling channels. She is hardworking and responsible.

"I would like to be honoured by paying the loan on time," she says. She is requesting a loan of 600,000 MNT to plant potatoes and vegetables.

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
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Lhamsuren to plant potatoes and vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 17, 2012
May 24, 2012
Currency Exchange Loss:
Jul 17, 2013