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Mr. Natsagdorj is 52 years old and lives with his wife and son in a small house in Orhon province, Mongolia. His wife, Erdenetsetseg, is age 49 and works in their grocery store. His son, Chinbold, age 23, rents a mini-van and provides transportation services in town.

Mr. Natsagdori and his wife have been renting the grocery store and have run the business since 2007. They have built a close relationship with customers and suppliers over the years.

He is now requesting a 3,000,000 MNT loan to purchase insulation material to insulate the grocery store building in order to provide comfortable and warm conditions to customers to please them. Both the borrower 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
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Natsagdorj to purchase insulation material to insulate his grocery store building in order to provide comfortable and warm conditions to customers to please them.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 25, 2013
Currency Exchange Loss:
Jan 17, 2014