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Tsend
Mrs. Tsend is 46 years old and lives with her husband and two sons in a house in the Huvsgul province of Mongolia. Her husband Davaa lost work and stays home. Her son Davaajantsan is 19 and is a sophomore university student and her younger son Otgonbaatar goes to a local kindergarten. Tsend has been working as a saleswoman since 2007. She has gained lot of experience and has built close relationship with her customers over the years. She started her own business in 2011 by lending from Xacbank and has been running her business successfully since then. She imports clothing inventory from Erlian, China and sells to local customers in a rental stall at the local market. She is now requesting 5,100,000 MNT to purchase an eco-friendly electric or gas-consuming car for her husband to start a taxi service business in town. She and her husband are hardworking, diligent, and a positive influence in the family.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,525 helped Tsend to purchase an eco-friendly electric or gas-consuming car for her husband to start a taxi service business in town.
64% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible