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Mr. Monhsaihan is 23 years old and lives with his wife in a small house in Tosontsengel soum, Zavhan province, Mongolia. His wife, Tungalagtamir, age 23, has just graduated from university and is looking for a job.

Borrower has been running an organic fruit sales business since 2010, when he was a student in Ulaanbaatar city. He has gained a lot of experience and regular customers over the years. He is now requesting 1,500,000 MNT to purchase organic fruit from Ulaanbaatar, for resale to customers in his new locale in Zavhan province. He is a hard-working, modest and responsible man.

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 $1,100 helped Monhsaihan to purchase organic fruit from Ulaanbaatar, for resale to customers in his new locale in Zavhan province.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 28, 2013
Mar 2, 2013
Currency Exchange Loss:
Oct 2, 2014