Check out some available loans that are similar to this one!

Update on Tsetsegmaa

Mrs. Tsetsegmaa is a married borrower from Uvs province, Mongolia. She lives with her husband and her children on their own land and fence. She does a meat trading business with her husband. The borrower has been doing this business since 2004. She rents a counter at the Meat Trade Center and sells her meat. She does her business all season. She purchases her meat from the village and sells it in the Meat Trade Center. She is requesting 1,700,000 MNT to purchase more livestock from the herders in the countryside to provide healthy products to her local clients.

Previous Loan Details

Tsetsegmaa is 41 years old and lives with her husband and daughter in a ger, a Mongolian yurt, in Uvs province of Mongolia. Her daughter who is 17 goes to a secondary school. Tsetsegmaa manages a meat trading business with the help of her husband. She started her business with working capital of ... More from Tsetsegmaa's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,811.6
    Mongolia Tugriks (MNT) = $1 USD