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Tsetsegsuren is a 46-year-old female head of family who lives with her four children in a ger in Amgalan area of Ulaanbaatar, Mongolia. Her older children Byambazaya, Byambazul and Myagmarnaran work at local companies and younger son Lhagva-Ochir, age 15, goes to a local school. The borrower has been working as a saleswoman in a grocery store's organic vegetable section for more than 10 years. She has started her own business of organic vegetable retail in the local market's rental counter. She is now requesting 1,500,000 MNT loan to purchase large quantities of organic vegetables to sell to local customers. She is a hardworking, well-experienced and diligent woman.

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
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Tsetsegsuren to purchase large quantities of organic vegetables to sell to local customers.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 21, 2013
Currency Exchange Loss:
Oct 2, 2014