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Update on Sevjid

Sevjid is a 40-year-old widow who lives with her son in a ger in Uvs province, Mongolia. Her son, Tsend-Ayush, is a secondary school student who helps his mother to run her business.

Sevjid has been selling organic flour products in the local market for 11 years. She has been importing flour in bulk from Russia but now she is purchasing organic wheat flour from a domestic producer and selling it to local customers at retail.

She is planning to increase her sales of organic wheat flour and is now requesting 1,500,000 MNT to purchase bulk amounts of organic wheat flour from a domestic producer to sell to local customers.

Sevjid is a hardworking and diligent woman who says, "When my son is grown up I want him to be highly educated and able to live by himself, so I started saving my business profits to further his education."

Previous Loan Details

Sevjid T. is a 38 year-old widow who lives with her son in Uvs province in western Mongolia. She and her family live in a ger, a traditional Mongolian housing tent. Her son Tsend-Ayush attends a local middle school and helps his mother in her business on his vacation. Sevjid manages a flour t... More from Sevjid's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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 Sevjid to purchase bulk amounts of organic wheat flour from a domestic producer to sell to local customers.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 30, 2012
Nov 26, 2012
Currency Exchange Loss:
Dec 17, 2013