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Tsend-Olzii, 34, lives with her husband in a small house in Niseh district, in Mongolia. Her husband Bayanmunh has worked in private company as a driver for years. The borrower has been running a grocery store. At first, she sold in a local market but she has moved to a spare room in their house on their plot of land. The borrower and her husband purchase inventory from the big market in the city and want to purchase vehicle to reduce their transportation expenses. She is now requesting 6,500,000 MNT to purchase an eco-friendly electric and gas consuming car for both family and business use. She is a hardworking and diligent 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,725 helped Tsend-Olzii to purchase an eco-friendly car for both family and business use.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Dec 27, 2012
Currency Exchange Loss:
Aug 17, 2013