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Bertsetseg is 37 years old and lives with her husband and two children in a house in the Uvs province of Mongolia. Her husband, Altangerel, takes care of their livestock and provides transportation services between the countryside and the province center. Her daughter, Narangarav, age 16, and son, Yesontomor, age 15, go to local schools.

She has been running a grocery counter in the local market since she moved to the province center. She has obtained a lot of experience and has close relationships with suppliers and customers. She is now requesting a loan of 4,000,000 MNT to purchase a large amount of organic meat products to sell to local customers. She is a hardworking, diligent and positive 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,404.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,850 helped Bertsetseg to purchase a large amount of organic meat products to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 17, 2013
Apr 19, 2013
Currency Exchange Loss:
Jul 9, 2013