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Ariuntuya is a 40-year-old woman who lives with her husband and her daughter in Chingeltei district in Ulaanbaatar city. Her husband runs a taxi service business. Her daughter goes to secondary school.

Ariuntuya started her organic vegetable growing business in 2009. Now she is growing organic vegetables on her 0.3 hectare yard and she plans to grow more organic vegetables in a greenhouse in the future.

Ariuntuya had received a loan before and she had efficiently spent it for her business and her life. She has a good credit history. Now she is requesting a 5,000,000 MNT loan to enlarge her vegetable field and to build a greenhouse. She is a responsible and punctual woman.

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
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,750 helped Ariuntuya to expand her vegetable field and build a greenhouse.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 23, 2012
Aug 6, 2012
Currency Exchange Loss:
Apr 17, 2013