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Tserenpil
Ms. Tserenpil is 29 years old and lives with her husband and two daughters in their own little house in the Orkhon province of Mongolia. Her husband helps her with her business selling dairy products and her elder daughter goes to secondary school, while the younger stays at home. She started her business in 2005 with a working capital of 300,000 MNT. Now her working capital has risen to 1,995,000 MNT. Her business is sustainable, and she is planning to reserve enough dairy products for the winter to sell at retail prices. Ms. Tserenpil is a hard-working and welcoming woman who says, "I am happy with Xacbank's products; they have been supporting my business for a long time." She is requesting 3,000,000 MNT to purchase enough dairy products for the winter.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Tserenpil to purchase enough dairy products for winter.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013