Mrs. Tsend-Ayush started her business in 2002 making leather shoes with two children. She is making a product by order. Now winter is coming and the number of orders has increased. All shoes she produces are made with authentic leather and it is considered organic production. They also are essential to go through the harsh winter of Mongolia. She is a hardworking and responsible person. She is requesting 1,000,000 MNT to buy raw materials and an electric sewing machine in order to increase production of her business
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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 XacBankThis 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.
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