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Zundui is 59 years old and lives with his wife in Ger, in a traditional nomadic tent in the Uvs province of Mongolia. His wife Serjmaa helps her husband to run their family business of agriculture. Their children are married and live apart with their own families. Zundui and his wife have been operating an organic vegetable and wheat growing business for more than twenty years. He also helps and supports newly starting businesses to prepare their planting, etc. His wife sells organic vegetables and barley flour in the local market. He is requesting 6,000,000 MNT (Mongolia Tughriks) to purchase wheat harvesting equipment for his business. He is a hardworking, honest, and helpful 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
  • 1,625.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,700 helped Zundui to purchase wheat harvesting equipment for his business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 9, 2013
Oct 16, 2013
Currency Exchange Loss:
Oct 2, 2014