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Tsetsegsuren is 45 years old and lives with her son in the Suhbaatar district of Ulaanbaatar, the capital of Mongolia. They live in a house on a small plot of land that they own. Her son attends college.

Tsetsegsuren began her business as a tailor after graduating from college as a designer in 1990. She worked at a small clothing factory as a tailor. In 2000, she started selling construction materials at a local market. Now she rents a stall at a trading center and her business has become more stable.

Tsetsegsuren is a hardworking and polite person who wants to expand her business and increase her profit. She is requesting a loan of 2,500,000 MNT to purchase more construction materials 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

  • $5,900
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Tsetsegsuren to purchase construction materials.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Feb 28, 2011
Mar 3, 2011
Currency Exchange Loss:
Dec 15, 2012