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Mrs.Tsevelmaa is 49 years old and lives with her husband in the Bulgan province of Mongolia. Her husband, Bayarsaihan, 51, helps her to run her business of organic vegetable sales. Her three children are married and have moved out of their parents’ house and live in different provinces.

Since 2005, she has been renting a rental stall in the local market to manage an organic vegetable sales business. She has built a closer relationship with suppliers and customers. She is now requesting 1,500,000 MNT to purchase a large amount of organic vegetables to sell during winter and spring.

She is a polite, hardworking and communicative 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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Tsevelmaa to purchase a large amount of organic vegetables to sell during winter and spring.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Nov 2, 2012
Nov 23, 2012
Currency Exchange Loss:
Sep 17, 2014