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Tsendhuu
Tsendhuu is 44 years old and lives with her husband and 3 children in Uvs province of Mongolia. Her husband, Hayanhyarvaa, started their butcher shop business at a rental counter of the local market. Her older two children are university students in Ulaanbaatar and her youngest daughter, Baigalmaa, is a senior student at the local high school.

Tsundhuu has been working as saleswoman for years. She is used to being in charge of the whole operation and has a lot of experience in the business. She is now requesting loan of 3,500,000 MNT to purchase a large amount of livestock to sell during the winter to her customers. Hayanhyarvaa is a hardworking and modest person.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,625.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,175 helped Tsendhuu to purchase a large amount of livestock to sell during the winter to her customers.
76% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2013
Listed
Oct 17, 2013
Currency Exchange Loss:
Possible