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Ms. Altansuh is 39 years old. She lives with her husband and two daughters, in an apartment in the Uvurhangai province of Mongolia. Her husband, Duuriimaa, age 38, has been working in a local private company, as an assistant worker. Her older daughter, Ichinhorloo, age 18, has just enrolled in university, and her younger daughter, Ichinnorov, age 16, is a secondary school student.

Altansuh has been engaged in producing and selling organic vegetable products, since 2010. She is requesting a 1,200,000 MNT loan to purchase more organic vegetables, to use in preparing her preserved vegetable products. Borrower and her husband are hard-working, honest and modest 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 $875 helped Altansuh to purchase more organic vegetables, to use in producing preserved organic vegetable products for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Jan 16, 2013
Currency Exchange Loss:
Oct 17, 2013