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Mr. Tseepil is 31 years old and lives with his wife and daughter in a ger in the Govi-Altai province of Mongolia. His wife, Altanzul, age 31, works as a saleswoman in the local market. His daughter, Delgermaa, age 7, goes to a local primary school. The borrower has been working various kinds of jobs and he is well-known in town for his kindness and qualified service. He is now starting his own business in wheat flour production and sales on his plot of land. He has the equipment and tools to produce organic wheat flour and is now requesting 1,000,000 MNT to purchase large amounts of wheat to start his organic wheat flour production and sales business. He is a hardworking, optimistic, and reliable 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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Tseepil to purchase large amounts of wheat to start his organic wheat flour production and sales business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Jan 11, 2013
Currency Exchange Loss:
Jul 17, 2013