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Bat-erdene is 41 years old and lives with his wife and three children, a son aged 17 and twin sons aged 9, in a small yurt in Dornogovi province of Mongolia. His older son goes to the local high school; his twin sons go to the local secondary school.

Bat-erdene owns a small yard, and in this yard he grows vegetables. Mongolian summer time is very sunny and very comfortable for growing vegetables in a greenhouse. He is very experienced in this field, from 2000 through 2007.

Bat-Erdene is planning to expand his vegetable growing in a greenhouse. He is requesting a loan of 3,200,000 MNT to purchase a greenhouse for vegetables.

Bat-erdene hopes to grow his business and harvest more vegetables to sell. He expects major changes and his family's living to improve.

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
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Bat-Erdene to buy a greenhouse for growing vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 23, 2012
Jul 24, 2012
Currency Exchange Loss:
Jul 17, 2014