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Tuyatsetseg
Tuyatsetseg G. is a 33-year-old woman who lives with her husband and son in a "ger" in Mongolia (a ger is the traditional, nomadic form of housing in Mongolia; a ger district is where many people have settled in these homes, forming a sort of ad hoc suburb).



The family owns the land where their ger is located. Her son is 13; he goes to elementary school. She, Tuyatsetseg, runs a clothing stall with her husband at Narantuul, Mongolia's biggest outdoor market, in Ulaanbaatar, the capital city. During the fall, winter, and spring they sell gloves. In summer, they sell sunglasses. They own, rather than rent, their stall. They would like a loan to buy another stall in the clothing section of the Narantuul market. Together with her husband, Tuyatsetseg is planning to renovate her house this coming spring. She has a hard-working and humble personality.

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.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,420.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Tuyatsetseg to buy gloves to increase business inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2009
Listed
Feb 19, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010