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Tsetsegmaa
Tsetsegmaa is 31 years old and lives with her husband and three children in a ger (or Mongolian yurt) in Arhangai province, Mongolia. Her husband is employed, her oldest child is a school and her younger two children are in kindergarten. She started her garment-retailing business in 2002. Over the years since, she has gained many regular customers because her garments are inexpensive but elegant. The Mongolian holiday season is approaching, and demand for her products is increasing. Therefore, she is requesting a loan for 2,500,000 MNT to increase her stock so that she can meet this demand. She is a sharp and hardworking woman who says, "I have a mission to get my children educated."

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Tsetsegmaa to buy more clothing to sell to her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Mar 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013