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Narmandah J. is a 38-year-old woman who lives in Huvsgul province in northern Mongolia with her husband and two sons. Her husband is a carpenter and builds wooden furniture. One of her sons attends college while the other is in elementary school.

In 2003 Narmandah completed her schooling in hairdressing and began work. Today she rents a seat at a salon called “Youth.” Narmandah says, “My dream is to have my own workspace and expand my business even more so I can provide a good education for my children.” She is requesting a 3,000,000 MNT loan to purchase materials 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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,275 helped Narmandah to purchase materials for her salon business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 6, 2010
Sep 28, 2010
Currency Exchange Loss:
Jun 24, 2011