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Altantsetseg is 61 years old. She lives in a ger (traditional felt housing) with her husband, who is retired. With her integrity and hardworking attitude, she started a dairy production business in 2000 with her husband and they have been still selling the milk to local residents. It is a family business.

Altantsetseg used to work as a secretary, so she is very well skilled in organizing. Her business seems to be sustainable because she has already gained a number of regular customers from the local market.

She needs 5,000,000 MNT to purchase some padding for the house and to build a new cow shelter, which will keep them warmer in the winter. Now she pays more for firewood and coal to heat the house and the cows stay outside in the cold weather.

She said that the benefits of livestock are countless. For example, feeding children with milk is healthy, and that is why she loves her job.

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
  • 1,337.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,750 helped Altantsetseg to purchase some padding for the house and build a new cow shelter.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 18, 2012
Jul 30, 2012
Currency Exchange Loss:
Sep 17, 2014