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Tsetsegbal
Tsetsegbal B. is a 46-year-old widow and the mother of four children. She lives with her children in Ulaanbaatar, the capital city of Mongolia. They all live together in a ger, the Mongolian nomadic tent, on their own land. Her older son Batmunkh is an electrician. Her oldest two daughters, aged 16 and 17, attend university. Her younger daughter Battungalag is 13 years old and attends secondary school.

Tsetsegbal currently operates a household products business at a local market called Asait in Ulaanbaatar. Since Tsetsegbal started her business, her family's living conditions have improved. With her earnings, she has been providing money for family expenses and paying her daughters' education fees.

Tsetsegbal is an open person who has very good communication skills. She says, “The most important thing to me is to provide a good profession for my children."

Her business is very important to her. In June of 2010, she started to build a house. She is requesting a loan to purchase construction material to build the house.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,362.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Tsetsegbal to purchase construction material to build a house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2010
Listed
Jul 15, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011