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Shijirbold,32, lives with his wife and his son in ger (Mongolian yurt) in Ulaanbaatar city, Mongolia. His son is a secondary school student. His wife helps with his business. He moved in Ulaanbaatar in 2006 from countryside. He was a herder in countryside. He started his dairy production business in 2007. His business is sustainable and has many regular customers. He is a humble and responsible man. He said "I usually try to provide to costumers quality and health dairy products. Healthy cows produce high quality milk. I need to buy good and quality fodder for my cows." He is requesting 2,500,000 MNT to buy organic fodder.

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
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Shijirbold to buy organic fodder for his dairy cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 6, 2012
Jul 10, 2012
Currency Exchange Loss:
Apr 16, 2014