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Mrs. Myagmarsuren is 43 years old and lives with her husband and two children in a Mongolian yurt in Hovd province, Mongolia. Her husband, Dorlig, is a driver for a private company. Her children, Tsendayush and Tuyatsetseg, are secondary school students. In 2009, Mrs. Myagmarsuren started growing organic vegetables such as organic potatoes, carrots, watermelon, etc. with her family on a one hectare piece of land. The family grows organic vegetables from May to July. Starting in June, she sells the organic vegetables at the market until autumn. During this season the organic vegetables are relatively cheap, but starting in November, the price increases. Therefore, she is planning to buy more organic vegetables than she produces and sell them to customers. She is a hardworking and honest person. She is asking for 800,000 MNT to purchase more organic vegetables to sell in the off season.

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
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Myagmarsuren to purchase more organic vegetables to sell in the off season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 10, 2012
Sep 23, 2012
Currency Exchange Loss:
Oct 15, 2012