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Tsend-Ayush is 50 years old and lives with her husband and their 3 children, in a small house, in Zavhan province, Mongolia. Two of her children work at a private company. She has been baking hand-made bread and fancy cakes with her husband since 1998. They expanded the business to an organic fancy cakes workshop in 2003. Her bread products gross 50-60% at the market and are tasty, organic, and good quality. She has many years of experience in this business. She has one employee.

Tsend-Ayush is requesting a 5,500,000 MNT loan to expand her organic food processing and buy flour in bulk and building materials and to decorate her workplace. She said, "I would like to produce new range of organic dairy products." She is a very open and kind person.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,950 helped Tsend-Ayush to expand her organic food processing and buy flour in bulk.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 3, 2012
Oct 8, 2012
Currency Exchange Loss:
Jun 17, 2013