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.
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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