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Nergui
Nergui B. lives with her husband and teenage son in Bayanzurh, Ulaanbaatar, Mongolia. Her son is an 8th grader at a local high school. Nergui selling meat. She started the business with her husband in a local food market. Since it started in 1998, her business has done well and has expanded; wholesale and individual sales.


Nergui usually buys livestock such as sheep, goats, and cattle in the spring when prices are low and hires a herder to feed the livestock until the meat prices peak in the fall. She slaughters and sells them wholesale and to individuals in the local market. In the future, she would like to expand her butcher business by raising more livestock. She requests a loan to purchase more livestock for her business.

Additional Information

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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,413.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Nergui purchase more livestock for her business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2009
Listed
May 22, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009