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Mr. Bilimhan is 46 years old and lives with his wife and his children in an old, small house in the Bayan-Ulgii province of Mongolia. His wife is named Barshagul, and she helps his organic vegetables business. His 23-year-old daughter is a college student. His 10-year-old daughter and 7-year-old son are secondary students.

He started his own organic vegetables and fruits trade business in 1998. He plants organic potatoes, cucumber, tomatoes and carrots. Today, Mr.Bilimhan has been well-experienced in the organic vegetable trade business, and his fellow local residents appreciate him as a hardworking man. His business is sustainable, and he has many regular customers and suppliers. He is requesting a 2,000,000 Mongolian tugriks (MNT) loan to purchase seeds for his organic vegetables trade business.

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
  • 1,362.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Bilimhan to purchase seeds for his organic vegetables business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 15, 2012
Aug 27, 2012
Currency Exchange Loss:
Mar 15, 2013