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Mr.Adiyasuren is 53 years old, and lives with his wife and two children in a Ger in the Arhangai province in Mongolia. His wife, Altantsetseg, age 53, helps her husband grow organic vegetables on their plot of land. His son Monhtuvshin, age 25, is a herdsman; his daughter Ganchimeg, age 23, is a university student.

The borrower has been running an organic vegetable production and sales business for last seven years. He and his wife sell organic vegetables in a local market. He is now requesting 1'000'000MNT to purchase seed and soil for the organic vegetable planting season.

He and his wife are hardworking and diligent 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
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Adiyasuren to purchase seeds and soil for the organic vegetable planting season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Jan 16, 2013
Currency Exchange Loss:
Dec 17, 2013