She has been growing organic vegetables and wheat on her land since 1991 and she expanded her business into a cafe because she saw this would be an opportunity since she supplies her organic vegetables to cafes and her son breeds cattle and sheep. She has been operating her organic vegetable growing and sales business successful since then.
She is now requesting a loan of 6,000,000 MNT to purchase seeds, fertilizer and soil to prepare for next years planting of organic vegetable. She is socially active, hardworking and a welcoming person.
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 XacBankThis 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.
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Success!! The loan was 100% repaid