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Naranbadam
Naranbadam T. is a single mother with a 3-year-old son. She currently lives in Ovorhangai province, one of Mongolia's central provinces. She holds dual degrees in pedagogy and finance.

Naranbadam currently owns a small convenient store where she mostly retails various food items such as soft-drinks, baked goods, candies, etc. She frequently travels to wholesale markets in Ulaanbaatar, the capital city of Mongolia, and brings back products for her store. While she is travelling, her mother works at the store as a seller.

In the future, Naranbadam would like to expand her store into a decent supermarket, which will introduce more variety of food products for locals. She requests a loan to purchase more inventory for her store from Ulaanbaatar.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,425.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Naranbadam to buy more inventory for her store from Ulaanbaatar.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
Jun 11, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010