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Tsogzolmaa is 48 years old and lives with her husband and six children in a very small ger, a Mongolian yurt, in Hovd province of Mongolia.

Her husband's name is Nasan; he is 48 years old, and he operates a taxi service business. She has one child in college and three children in the secondary school. Tsogzolmaa started her own vegetable growing business in 1996. Therefore, she has many years experience in the organic vegetable growing and trading business. The local residents appreciate her as a woman with a good attitude.

She has previous loan experience and has been paying her debt on time. Today, Tsogzolmaa needs a 2,500,000 MNT loan to harvest organic vegetables.

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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,399,550
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Tsogzolmaa to harvest organic vegetables.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Sep 22, 2012
Currency Exchange Loss:
Sep 17, 2013