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Narantuya
Narantuya L. is 38 years old and lives with her husband and two sons. She and her family live in a ger, which is a traditional Mongolian housing tent. Her son attends a local secondary school. Her husband runs a taxi service to supplement the family income and helps with Narantuya's business. She has been operating a small grocery shop near her home since 1999. She provides a variety of food products to her customers. For the near future, she plans to finish their own rental house and warm garage, which are in the middle of construction process. She is an honest and hardworking person who says, " I'll be relieve after finishing to build our house." Her business progress and earnings have enabled her to greatly improve her family's quality of life. Narantuya is requesting a 3,000,000 MNT loan to install a plumbing system for her warm garage.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,327.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,275 helped Narantuya to install a plumbing system for her warm garage.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 1, 2010
Listed
Sep 17, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011