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Tsetsgee is 39 years old and lives with her husband and three children in Bayanhongor province, Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. Her husband operates a taxi service in their town. Currently, Tsetsgee operates a Mongolian fast food restaurant and second-hand shoe-trading business. She has been operating her restaurant since 2007, and has built a stable operation. She also opened a used clothing business in 2008. Over the years, she has been expanding her businesses. Her shoe repair business is seasonal, and does not operate during the winter. Tsetsgee is a very hardworking person and has been working hard to stabilize both her businesses. She is requesting a 2,000,000 tugrug (~1475 USD) loan to purchase more inventory for her shoe-trading business.

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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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,368.6
    Mongolia Tugriks (MNT) = $1 USD