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Tsevelmaa, 40, lives with her husband and her two children in an apartment she owns in Khovd province, Mongolia. Her husband helps with her business. Her elder son is a kindergarten student. She recently adopted a child.

Tsevelmaa started her garment retail business in 2000. Her business is sustainable and she has many regular customers and suppliers. Starting this year, she has begun to sell wool and cashmere products. She wants to expand her business. She was able to buy an apartment due to her business profits. In the future, she plans to buy a hybrid car. Tsevelmaa is a hardworking woman. She is requesting 5,000,000 MNT to purchase a hybrid car for her family.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,775 helped Tsevelmaa to purchase a hybrid car for her family.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 13, 2012
Jul 10, 2012
Currency Exchange Loss:
Oct 15, 2012