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Tsetsegdelger
Tsetsegdelger is 54 years old and lives with her husband and 5 daughters in a ger (Mongolian yurt) in Bulgan province. The borrower worked as an accountant at the mining and processing plant in Erdenet and quit it because of her older daughter's illness. She started her cafeteria business in Bulgan province but unfortunately she stopped this business because there was a fire. Since 2003 she has been cleaning other families' trash, cutting wood and collecting bottles and cans to give them as raw materials and make money from them. Starting from 2006 she started her business making cotton bags, planting potatoes, sacking and selling wood and engaging in a greenhouse. Now she is doing business in chicken farming and making cotton bags. The family atmosphere is amiable and warm. She spent a lot of money treating her older daughter's brain cancer. Now, life is getting better thanks to engaging in her own business. The standard of living is average. She is hardworking, an overachiever and open-minded in business. She is requesting a loan with of 3,200,000 MNT to purchase a green house.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD