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Mrs. Badamtsetseg is 45 years old and lives with her husband and two sons in a house in the Bayanhoshuu district of Ulaanbaatar, Mongolia. She has graduated as an agrarian and had been working at a private company for years until 2007. She started her own business of organic vegetable growing and selling with her husband in 2007. Her children also help their family business. She is a hardworking, optimistic and well-experienced woman.

She grows her vegetables from March to October in her greenhouses, and she already built close relationships with her clients, who are retailers in the local market. She is now requesting a loan of 1,500,000 MNT (Mongolian tugriks) to build a smaller greenhouse to plant seedlings for her organic vegetables.

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
  • 1,422.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Badamtsetseg to build a smaller greenhouse to plant seedlings for her organic vegetables.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Apr 18, 2013
May 21, 2013
Currency Exchange Loss:
Jul 17, 2013