Tsetsegee is 53 years old and lives with her husband and two kids in a ger, a Mongolian yurt, in Huvsgul province of Mongolia. Her husband is disabled and her two kids from graduated college and are employed.
Tsetsegee operates grocery trading business. She started her business in 2002 by building a small building in her yard, which is right across the road. Now, she built an even bigger house for her shop and she is very well-experienced in her business. Now that business is going well, Tsetsegee wants to expand her business by selling a broad range of products. She is a hardworking and diligent woman who says "past few years I have done everything I can to support my family. Now that my kids are employed, I am more concerned about my business." She is requesting 3,200,000 MNT to purchase more products and to increase the product range of her shop.
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.