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Battsetseg
Battsetseg is 37 years old and lives with her 2 children in her small house in Selenge province, Mongolia. Her husband passed away 3 years ago and her 2 children study at the local school.

Battsetseg used to cook traditional food and deliver it to local market retailers and small business owners during lunch time and early supper time for a few years. In 2012, she started her own business of a small cafeteria close to the local market where more of a crowd is located. She is well-known with her qualified and tasty food among her clients. She is now requesting loan of 2,000,000 MNT to purchase insulation material and vacuum windows to reduce heat loss and stay warm during the harsh Mongolian winter.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,680.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,200 helped Battsetseg to purchase insulation material and vacuum windows to reduce heat loss and stay warm during the harsh Mongolian winter.
99% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Jan 16, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014