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Tsend-Ayush
Mrs. Tsend-Ayush is 44 years old and lives with her husband and 2 sons in a ger in the Dornogobi province of Mongolia. Her husband Batbold, age 47, is a woodsman and works on their plot of land. Their sons Osohbayar, age 10 and Osoh-Erdene, age 7 go to local schools. Tsend-Ayush has been helping her husband to run his wooden craft manufacturing business and now she is starting her own general store with her sister in a rental space. She is now requesting 6,000,000 MNT to purchase insulation material and a heating system and get it installed in her new workplace. She is an open-minded, positive 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 Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,350 helped Tsend-Ayush to purchase insulation material and heating system and get it installed.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014