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Mr. Tseveennamjil is 39 years old and lives with his wife and two daughters in a ger (felt hut) in the Uvs province of Mongolia. His wife, Buyanhuu, age 37, runs a butcher shop in the local food market. His daughter Enhmaa, age 7, goes to the local primary school, and his younger daughter, Erhmaa, age 5, goes to the local kindergarten. The borrower has been working as an electric engineer in a local gas station. His wife has been running the butcher shop at a rental counter in the local food market since 1994. She is well known among her customers for her organic qualified meat products. The borrower is requesting a loan of 3,000,000 MNT to purchase a large amount of organic meat from herders for his wife's butcher shop business. The borrower's family are hard-working, optimistic 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
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Tseveennamjil to purchase a large amount of organic meat from herders for his wife's butcher shop business.
100% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Dec 16, 2012
Jan 15, 2013
Currency Exchange Loss:
Aug 17, 2013