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Tsetsegjargal is 30 years old and lives with her husband and 2 daughters in their house in Niseh district of Ulaanbaatar, Mongolia. Her husband Jargalsaihan, age 26, works with her in her business of recyclable waste purchase and sales. Her daughter Morongoo, age 5, goes to the local kindergarten and Maralgoo, age 1, stays home. She and her husband started their business of recyclable waste purchase and sales in 2007 in a spare place on their land. They purchase recyclable waste from local householders and sell to recycling manufacturers for a higher price. They need a car for their business use and she is now requesting 6,500,000 MNT to purchase an eco-friendly, electric and gas consuming car for their business use. She and her husband are responsible, hardworking and open-minded people.

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 $4,675 helped Tsetsegjargal to purchase an eco-friendly, electric and gas consuming car for their business use.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Nov 8, 2012
Nov 26, 2012
Currency Exchange Loss:
Aug 17, 2013