Tsetsegmaa is 26 years old and lives with her husband and children in a ger, a Mongolian yurt, in the Uvurhangai province of Mongolia. She was married this year. She started her business in May, 2011 after buying 2 milking cows. She sells yogurt and milk. She milks 10 liters of milk from each cow.
She participates in the School Lunch Program and supplies 100 liters of yogurt per week to the local high school. She is a hardworking and diligent woman who says, "I have a plan to expand my business and buy more milking cows." She is requesting a 630,000 MNT loan to buy hay and grass for her cows.
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.