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Mrs. Tseesuren is 30 years old and lives with her husband and two children in a ger (Mongolian yurt) in Bayanzurh district, Ulaanbaatar, Mongolia. Her husband, Enhamgalan, runs a freight transportation business. Her older son, Bat-erdene, is 12 years old and a secondary school student. Her younger son, Batjragal, is 4 years old and attends kindergarten.

Mrs. Tseesuren started her business to sell organic dairy products in 2006. Now, she rents 3 counters for her business in the shopping area known as the "Black Market." She is planning to expand her business. She is a well-experienced and friendly person. She is asking for a loan of 4,500,000 MNT to purchase more organic products from herders to sell.

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
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,375 helped Tseesuren to purchase more organic products from herders to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 6, 2012
Aug 14, 2012
Currency Exchange Loss:
Sep 17, 2014