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Mrs. Tsetsegmaa is 59 years old and lives with her husband in a small house in the Selenge province of Mongolia. Her husband, Sharhuu, age 70, is retired and helps his wife's business of producing and selling organic dairy products. Her children are married and live separately. She has been running her organic dairy products business since 1991. She has four cattle, two baby cows, and 62 sheep. She is now requesting 6,000,000 MNT to purchase forage and change her windows into vacuum-sealed ones in order to reduce heat loss. She is hardworking, honest and responsible.

The picture of the borrower was taken at her daughter's clothing business.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,325 helped Tsetsegmaa to purchase forage and change her windows into vacuum-sealed ones in order to reduce heat loss.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 25, 2012
Dec 24, 2012
Currency Exchange Loss:
Jan 6, 2016