Check out some available loans that are similar to this one!
Narangerel H. has a small business in computer games. She is a 50-year-old single mother of two children. She currently lives with her two children in Tuv province, one of Mongolia's central provinces. Her daughter is 25 years old and works as a teller in a local bank. Her son is 20 years old and helps with his mother's business.

Narangerel runs a small PC game center where she has three PC computers. Local kids play various PC games by the hour. She has been running the game business since 2008 with the help of her son. She is expanding her business by adding two more computers as the demand for the PC games stays high. She says that although it is a business for her, it is doing really well and the local kids love playing computer games. She says that whoever works hard and looks for good business ideas can do well in the local business environment. She works hard with her son to make this business as successful as possible.

Narangerel requests a loan to purchase two more computers for her newly emerging business. In the photo, Narangerel is standing on the right side.

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,437.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Narangerel to purchase two more computers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 7, 2009
Jan 1, 2010
Currency Exchange Loss:
Jan 15, 2011