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Tserenbadam is 39 years old and lives with her husband and two daughters in a newly-built house in the Uvurhangai province of Mongolia. Her husband Tomorbat, age 41, works as a driver for a mining company. Her daughter Olziiduuren, age 18, studies at university and Olziiburen, age 16, studies at the local secondary school. The borrower has been working as a librarian at the local school for years and started her butcher shop business in the rental counter of the local market in 2000. She is now requesting a loan of 4,000,000 MNT to purchase insulation material for her newly-built house to stay warm during the harsh Mongolian winters. She is a hardworking, experienced and responsible 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,376.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,925 helped Tserenbadam to purchase insulation material for her newly-built house to stay warm during the harsh Mongolian winters.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 26, 2013
Feb 25, 2013
Currency Exchange Loss:
Jan 17, 2015