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Mart is 59 years old and lives with his wife in a ger (a Mongolian yurt) in Bulgan province, Mongolia. His wife helps with his business and his five children all live separately. He started his dairy in 2006 which was right after his retirement. He sells organic dairy products such as milk, curds, etc. Also, he sells eggs. Now he owns eight cows, including calves, and 22 chickens. He is very concerned about their food. He never feeds them with chemicals, which is why his reputation around the neighborhood is high.

His farm produces a lot of junk which takes a lot of effort to clean. If he buys the necessary equipment, his work will be faster. Therefore, he's requesting 3,000,000 Tugrik (MNT) to buy the necessary equipment to clean his breed of cows.

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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Mart to buy the necessary equipment to clean his breed of cows.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 24, 2012
Jun 6, 2012
Currency Exchange Loss:
Sep 17, 2014