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Naidan
Naidan G. manages a wood crafts business with the help of her husband, Davaanyam. They produce a variety of traditional Mongolian wood crafts including plates and horse-head fiddles. G. and her husband work well together – he designs and crafts the products and she decorates and paints them. The couple started their wood crafts business in 2006 after selling consumer goods for the previous 11 years. They have quickly grown a stable operation and attribute their success to the high quality of their products. Their earnings have enabled them to build a new home for their family.


G. is 29 years old and lives with her husband and two children in a house in Uvs province in western Mongolia. Her young son and daughter are both in kindergarten. G. and her husband are open-minded and hardworking people and are well respected in their community. They are very proud of their business and feel that it is important to produce these traditional crafts so that future generations stay in touch with Mongolia's history. They are requesting a 1,800,000 tugrug loan to purchase wood and supplies for their wood crafts 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,431.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Naidan to purchase wood and supplies for their wood crafts business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2009
Listed
Oct 27, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010