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Tsetsgee M., 49 years old, is a married women who lives with her husband and two children in the Songino-Hairhan district of Ulaanbaatar. Her husband is a driver, and her two sons operate taxis, too.

Since 1995, Tsetsgee began selling meat in the Harhorin local market. Her business is stable and she is currently making 350,000 MNT a month. She continues to make progress and has since gained a lot of experience.

Tsetsgee is a woman of integrity and says, “I’m planning to buy a new car for my son’s business.” She is requesting a 2,300,000 MNT loan to buy four cows for their meat as well as to increase her working capital.

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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD