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Tseepil
Tseepil S., 38, is married and the mother of two children. She and her family live together in a ger (the Mongolian nomadic tent) in Hovd province, Mongolia. Tseepil operates a raw material trading business in her town. Her daughter, Amarbaysgalan, attends a local secondary school. Her son, Amarjargal, attends a local primary school. During the day, Tseepil operates her raw material trading business at a market called Han-Ord. She has been operating her business since 2004, and has steadily expanded it.

Tseepil purchases the raw materials every week and resells them for a profit. Raw material businesses require a large amount of working capital, therefore she cooperates with two other people who run the same type of business. They share the profits depending on the contributed amount of money from each person. In addition, Tseepil grows vegetables for her family's usage. She is a very hard-working person and is focused on the future. Currently, the most important thing to her is to purchase more raw materials for her business. Tseepil is requesting a 1,000,000 MNT loan to purchase more cashmere 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
  • $15,307,900
    Funds lent in using Kiva
  • 1,407.9
    Mongolia Tugriks (MNT) = $1 USD