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Tsetsgee is 49 years old and lives with her husband and daughter in a house in Ulaanbaatar, capital city of Mongolia. Her daughter helps with the family business and her husband herds chickens. Managing a construction material trading business at a rented stall at a trading center, Tsetsgee purchases her inventories from Ulaanbaatar wholesalers during the summer and Chinese wholesalers during the winter.

Now that she has many regular customers, Tsetsgee is planning to expand her business in the future. A responsible woman who says, "I want to sell more goods in order to earn more during the summertime," she is requesting a 1,000,000 MNT loan to purchase more inventories from China.

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
  • 1,260.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Tsetsgee to purchase more inventories from China.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 8, 2011
Jun 23, 2011
Currency Exchange Loss:
Jul 17, 2013