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Hurelbaatar, 45 years old, lives with her husband and 3 children in a small house in the Orhon province of Mongolia. Her husband, Tserendavaa, aged 45, works with her in her organic vegetable production and sales business. Her oldest daughter, Puntsagnyam, aged 22, works at a private pharmacy company and her younger two children, Myagmarjargal and Buyanjargal, aged 20 and 16, are university students.

Hurelbaatar has been operating an organic vegetable production and sales business for 16 years and has gained lots of experience. She and her husband grow, harvest, reserve and produce various types of organic vegetable products by themselves. Hurelbaatar is famous among customers for her organic, high quality vegetable products. She is now requesting a loan of 6,500,000 MNT to purchase seeds for her organic vegetable production and sales business and to build a storage pit to keep the organic vegetables fresh for customers. Hurelbaatar is a hardworking and responsible woman who says, "I teach my children how to grow and harvest organic vegetables and how to produce canned or reserved products from the vegetables. I want my children to be grown with highly educated and hardworking people."

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
  • 1,389.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,700 helped Hurelbaatar to purchase seeds for her organic vegetable production and sales business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Oct 20, 2012
Nov 19, 2012
Currency Exchange Loss:
Sep 17, 2013