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Tseveldulam
Tseveldulam is 49 years old, and lives with her husband and son in Ger (a traditional yurt) in Uvurhangai province, Mongolia. Her husband Bold is aged 55 and works in a private construction company as a taskmaster. Her son Davaadagva is 23 years old, has graduated university and is looking for a job now. She has been working as saleswoman at a rental counter of the local market since 2000. She has built a close relationship with customers and suppliers over the years.

Tseveldulam is now planning to start her own business of a butcher shop at the local market. She is requesting 3'900'000MNT to purchase meat at a wholesale price from herders to sell it to both local customers at a retail price and companies producing meat products at a higher price than wholesale.

Tseveldulam is a friendly, communicative and hard working person.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,825 helped Tseveldulam to purchase meat at a wholesale price from herders to sell.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014