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Tsevelmaa is 40 years old lives with her husband and 2 children in small house in Hovd Province, Mongolia. Her husband Tsendjav works at local market as a salesperson. Her 2 children both go to a local kindergarten. She has been operating her clothing retail business since 2000 at local market. She has built strong relationships with her suppliers and customers, and her business is stable now. She imports clothes from Erlian, China and she needs 3,000,000 MNT to purchase an eco-friendly gas/electric car to reduce her transportation expenses and increase efficiency. She is a hardworking, diligent and honest woman.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Tsevelmaa to purchase an eco-friendly gas/electric car.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 21, 2012
Dec 22, 2012
Currency Exchange Loss:
Oct 17, 2013