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Mrs. Tserendulam is a 50-year-old woman who lives with her husband, 3 children and a grandchild in a ger (a traditional Mongolian nomadic felt housing tent similar to a yurt) in the Uvurhangai province of Mongolia. Her husband, Baasnai, age 59, helps her to operate an agriculture business. Her older 2 children, Togtohjargal and Bathishig, ages 23 and 22, help their parents to run their business. Youngest daughter Hongorzul, age 6, goes to a local primary school. Her grandchild stays home.

She has been growing organic vegetables and wheat on her land since 1991 and she expanded her business into a cafe because she saw this would be an opportunity since she supplies her organic vegetables to cafes and her son breeds cattle and sheep. She has been operating her organic vegetable growing and sales business successful since then.

She is now requesting a loan of 6,000,000 MNT to purchase seeds, fertilizer and soil to prepare for next years planting of organic vegetable. She is socially active, hardworking and a welcoming 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 $4,325 helped Tserendulam to purchase seeds, fertilizer and soil to prepare for next year's planting of organic vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 28, 2012
Nov 26, 2012
Currency Exchange Loss:
Nov 17, 2014