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Tsetseglen D., 45, is married and lives with her husband and three children in Ulaanbaatar, the capital of Mongolia. They live in their own house on a small plot of land that they own. They have an average standard of living.

Her husband and her two elder daughters do work and support their family. Tsetseglen began selling souvenirs in 2009. In the beginning she used to purchase and sell souvenirs at a rented stall. Now she makes souvenirs by herself and sells them at her stall. One of her daughters also operates a stall.

She is a hardworking person with initiative who says, "I make souvenirs at home and it is difficult. Therefore, I want to expand my business and have my own workshop in near future."

She is requesting a loan of 3,000,000 MNT to purchase equipment 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,194.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Tsetseglen to purchase equipment for making souvenirs.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 23, 2011
Mar 30, 2011
Currency Exchange Loss:
Oct 15, 2012