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Tsetsegmaa is 48 years old and lives with her son's family in a ger (a Mongolian yurt) in Dornogovi province, Mongolia. Her son and his wife are both employed. She started her mobile food-selling business in 2000. She cooks her own food and sells it at the train station. Her food is delicious and her kitchen is surprisingly clean. Her customers' satisfaction is good, however, the raw materials are getting too expensive. Therefore, she's requesting 950,000 MNT to purchase meat from local herders, which will save her money. She will use half of the meat for her food business and rest she will sell. She's a sharp and hardworking woman who says, "If I couldn't get my raw materials cheap, I could lose my 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Tsetsegmaa to purchase meat from local herders to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 7, 2012
Jun 1, 2012
Currency Exchange Loss:
Oct 17, 2013