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Altantsetseg
Altantsetseg is 28 years old and lives with her husband and daughter in their newly built house in the Selenge province of Mongolia. Her husband Battulga, age 41, works with his wife in their business of spare auto parts imports. Her daughter Enhjin is a first grade student at the local primary school.

Altantsetseg has been operating her business of spare auto parts imports and sales in the local market since 2008. She has been importing secondhand spare parts of big trucks and vans. She and her husband have just built their own house recently and need an additional investment of 6,000,000 MNT to install a heating system and change the windows into vacuum windows in order to reduce heat loss and stay warm during the harsh Mongolian winter. Altantsetseg is a hardworking and well-organized 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

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,300 helped Altantsetseg to install a heating system and change the windows into vacuum windows in order to reduce heat loss and stay warm during the harsh Mongolian winter.
76% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible