Check out other loans that are currently fundraising!
Tsendmaa
Tsendmaa, 40, is married and lives with her husband and two children in the Dornod province of Mongolia. They live in a house on a small plot of land that they have owned for the past five years. Tsendmaa's husband operates a transportation service and earns 250,000 MNT monthly from his business. Her older daughter attends a local high school and her youngest son goes to kindergarten.

Tsendmaa began operating a business making clothing in 2006. She decided to operate her own workshop as people are getting more and more interested in wearing traditional clothes such as deels, Mongolian traditional coats, vests, and traditional dresses for every kind of special occasion. Tsendmaa gets more custom orders during the holidays. Her current working capital is 1,200,000 MNT. She wants to further expand her business and have her own workshop in the future. Tsendmaa is a hardworking and modest person who says, "I want my children to have a good education. By making more profit, I would like to restore our house and have my own workshop." She is requesting a loan of 1,500,000 MNT to purchase more textiles and cloth 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,235.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Tsendmaa to purchase more textiles and cloth.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2011
Listed
Mar 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 20, 2012