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Tsetsegee is 44 years old and lives with her husband and two sons in a small house in Bayanzurh district in Ulaanbaatar city, Mongolia. Her husband Enhsaihan operates a taxi service. Her older son Odbaya, works in a private company. Her younger son Batbayar is a college student.

She started her business in 2004 by making clothes on rented equipment. She purchased equipment with the savings from her business profit in 2009. She is a well-experienced and hardworking person.

Now, she is planning to expand her business and increase her customer base. She needs MNT 2,500,000. She would like to purchase raw materials for her business with MNT 1,200,000 and to pay tuition for her son with the rest of the loan.

Additional Information

More information about this loan

This loan is part of XacBank's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to secondary and higher education.

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
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Tsetsegee to purchase raw materials for her business and to pay tuition for her son.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Sep 21, 2012
Currency Exchange Loss:
Aug 17, 2014