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Mrs. Tsetsee is 54 years old and lives with her daughter in Selenge province in Mongolia. Selenge is the largest agricultural province of Mongolia. She had worked as a veterinarian for a veterinary medicine company from 1978 to 1998. Then she bought 5 goats and 10 sheep, and began running a livestock farming business. Now her livestock farm has 30 cattle, 5 horses, 230 sheep, and 280 goats. She produces and sells organic dairy products and various types of organic meat products. Her daughter helps with her business. Her business is sustainable because she has obtained lots of customers' trust. She is a hardworking and responsible person who says, ''I will pay the loan right on time according to installment plan." She is requesting 6,500,000 MNT to build a winter barn before Mongolia's harsh and cold winter comes.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,374.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,750 helped Tsetsee to build a winter barn before Mongolia's harsh and cold winter comes.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 21, 2012
Currency Exchange Loss:
Nov 17, 2013