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Tsendsuren
Tsendsuren T. is a single woman who lives in Arkhangai province in central Mongolia. She has been living for the last three years with her brother in a ger (Mongolian nomadic tent) in a yard she owns. Tsendsuren operates a small retail trade selling religious items in her town. She first gained experience working as a salesperson at her sister's store before going out on her own. Tsendsuren started her business in 2003 with capital of 300,000 tugrugs. She has built her business to a stable level and attributes its success to her strong selling and communication skills. Today, her business capital exceeds 900,000 tugrugs. Tseendsuren's dreams of one day opening a big store in her town and said: “I work with the aim to help my brother so that he receives a good education and has a good life like other people do”. She is requesting a 1,500,000 tugrug (approx. $1040 USD) loan to purchase more religious items for her business.

Additional Information

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,440.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Tsendsuren to purchase more religious items for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011