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Tsetsegmaa
Mrs.Tsetsegmaa is 41 years old and lives with her husband and her two children in a small house in the Huvsgul province of Mongolia. Her husband's name is Tseren-Ochir. He is 51 years old and works for a local private company as a driver. Her two children are college students.

Mrs.Tsetsegmaa started her own sewing service business in 1995. Her monthly income is about 450,000 - 500,000 MNT. She has a current loan for 1,000,000 - 1,500,000 MNT and has been paying her debt on time. Currently, she has over 15 years of experience in the sewing service business and her local residents appreciate her as a modest woman.

Her family is building a winter house within their fence and Mrs.Tsetsegmaa needs a 2,000,000 MNT loan to purchase vacuum windows and wood to finish the 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Tsetsegmaa to purchase vacuum windows and wood to finish the house.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2012
Listed
Sep 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014