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Tsetsgee
Mrs. Tsetsgee is 48 years old and lives with her husband and two sons in a ger in the Govi-Altai province of Mongolia. Her husband, Sharavjamts, works with her on their family business. Her sons, Amarbayar, age 24, and Amarsaihan, age 20, are university students.

Mrs. Tsetsgee started her organic noodle-producing business in 2011. She purchases organic flour from agrarians and produces organic noodles to sell. She is now requesting 1,000,000 MNT to purchase a large amount of organic flour to produce noodle products to sell to local customers.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Tsetsgee to buy a large amount of organic flour to produce noodle products to sell to local customers.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014