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Tsagaantsooj
Mrs. Tsagaantsooj is a 47-year-old widow who lives with her 3 children in Uvs, Mongolia. Her sons, Tumen-Olzii (21) and Tuvshinjargal (23), are university students and her daughter, Bat-Undrah, is a secondary school student. Mrs. Tsagaantsooj has been planting fruit trees on her land and growing organic vegetables. Her sons help her to take care of the vegetables and trees. She also operates a small grocery store where she sells her organic products.

She is now requesting a 5,000,000 MNT loan to purchase more land where she can plant more trees and produce more organic fruits to sell. She is a hardworking and diligent 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,378.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,650 helped Tsagaantsooj to purchase land for planting trees.
86% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014