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Mrs.Tserenhand is 40 years old and lives with her husband and 3 children in a house in Orhon province in Mongolia. Her husband, Saruulsaihan, age 38, runs their family business of organic dairy products sales in the local market. Her children, Bulgan-Erdene, age 8, goes to the local primary school, while Suhbat, age 5, and Bulgantsetseg, age 2, go to the local kindergarten.

Tserenhand has been running an organic dairy products sales business in town since 2008. She sells her organic dairy products to retailers in the local market. She is now planning to rent a counter in the local market and sell directly to customers. She is requesting 6,000,000 MNT to purchase a large amount of organic dairy products to sell to local customers from her rental counter in the local market. 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

  • $5,900
    Average annual income
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,350 helped Tserenhand to purchase a large amount of organic dairy products to sell.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 29, 2013
Mar 3, 2013
Currency Exchange Loss:
Aug 17, 2013