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Gereltsetseg
Mrs.Gereltsetseg is 37 years old and lives with her husband and 3 children in a house in the Orhon province of Mongolia. Her husband, Ganhuyag, age 32, works as welder in a private company. Her daughter Nomin-Erdene, age 14, and her son Erhembayar, age 9, go to local schools and her daughter Nandin-Erdene, age 5, goes to a local kindergarten.

Gereltsetseg has been running a clothing sales business since 2000. She has gained a lot of experience in the business. She is now requesting a loan of 3,500,000 MNT to purchase vacuum insulated windows to install in her house in order to reduce the heat loss. She is a hardworking, friendly and welcoming lady.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,399.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,525 helped Gereltsetseg to purchase vacuum windows to install in her house in order to reduce heat loss.
90% repaid
Repayment Term
29 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014