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Shinetsetseg
Mrs. Shinetsetseg is 27 years old and lives with her husband and two sons in an apartment in the Bayanzurh district of Ulaanbaatar, Mongolia. Her husband Batbaatar, age 35, works for a local private company as a salesperson. Her sons Tserenbaatar, age 9, and Enerelt, age 7, go to local primary school.

Mrs. Shinetsetseg has been running a small cosmetics retail counter since 2010. She has built strong relationships with her customers and suppliers over the years. She purchases cosmetics products wholesale and resells them at a retail counter. She pays transportation costs to pick up wholesale cosmetics. She is now requesting a 6,500,000 MNT to purchase an eco-friendly electric and gas car to reduce the transportation costs of her cosmetics business. She is a hardworking, welcoming, and friendly 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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,700 helped Shinetsetseg to purchase an eco-friendly electric and gas car to reduce transportation costs for her cosmetics sales business.
91% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2012
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014