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Mrs. Tuyatsetseg is 26 years old and lives with her mother and two younger brothers in small house in Ulaanbaatar, the capital city of Mongolia. Her younger brothers work in a private company. She has been working in an organic vegetable selling company as a salesperson. She has lot of experience in fruit and vegetable selling and now she is opening her own organic fruit and vegetable selling business in a rental counter at market.

She is requesting 4,000,000 MNT to purchase large amounts of organic vegetables and fruit from Ulaanbaatar at wholesale prices for her business. She is a diligent, welcoming and friendly young woman.

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
  • 1,384.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Tuyatsetseg to purchase large amount of organic vegetables and fruits from Ulaanbaatar at wholesale prices.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 15, 2012
Oct 29, 2012
Currency Exchange Loss:
Sep 17, 2014