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Mr. Erdenemunh, who is 35 years old, lives with a his wife and two sons in a ger in Uvurhangai province, Mongolia. Uvurhangai province is one of the leading organic dairy producers in Mongolia. He has been producing organic dairy products since 2010, which he sells in the center of the province and Ulaanbaatar city. When he bought two cows in 2010, his yield of organic milk products was increased. He also has over 40 goats. Now Mr. Erdenemunh is requesting MNT 4,000,000 to purchase four good breed cows. With this purchase it will be possible to produce many additional kinds of organic dairy products. He is an honest and hardworking man.

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
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Erdenemunh to purchase four good breed cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 21, 2012
Aug 31, 2012
Currency Exchange Loss:
Apr 17, 2013