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Tsevel L. is 66 years old and lives with her husband and 19-year-old daughter in Zuunmod town in Tuv province, Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic tent. Her daughter, Bayantuul, has already graduated from her university and is operating her own business. Tsevel is a retired lady who operates a grocery retail business out of a small booth at a local market in her town. She began her business in 1998 after retiring from her previous work. She works hard to provide for her family and wants to be able to continue to conduct her business in the future. Tsevel is requesting a 2,000,000-tugrug loan to purchase different kinds of products to sell.

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,437.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Tsevel to purchase different kinds of food products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 7, 2009
Jan 1, 2010
Currency Exchange Loss:
Nov 15, 2010