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Mrs. Tsetsegmaa is 39 years old and lives with her husband and three children in an apartment in Suhbaatar district in Ulaanbaatar, Mongolia. Her husband, Davaasuren, is 39 years old. Her older daughter, Enhtushig, is 17 years old; her younger daughter, Zolzaya, is 15 years old; and her son, Battushig, is 7 years old and stays home with his father. They are all secondary school students.

In 2010, Mrs. Tsetsegmaa, started a door locks sales business on a rented counter. There is a solid demand for her products. Her husband is planning to start his own business because Tsetsegmaa's business income not enough to cover their family needs. He will sell construction materials. Tsetsegmaa wants to help for her husband to start his business. She is a hard-working and honest person, and she needs 4 000 000 MNT to buy stall and construction materials for her husband's business.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Tsetsegmaa to buy stall and construction materials to sell for her husband's business.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 15, 2012
Sep 25, 2012
Currency Exchange Loss:
Sep 17, 2014