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Nandintsetseg, 23, is married and lives with her husband and a 3-year-old son in the Bayanhongor province of Mongolia. They live in a ger, a Mongolian nomadic housing tent, on a small plot of land that they own. Nandintsetseg's husband works as a welder and gets paid 300,000 MNT monthly.

Nandintsetseg began operating a clothing sales business in 2007 after she graduated from high school in 2006. In addition to her clothing business, she participates in every kind of social activity. Nandintsetseg rents a stall at a local market and she wants to enlarge it by expanding her business. She is a hardworking person who says, "I would like to have my own container which I can operate as a clothing store in the future." She is requesting a loan of 1,000,000 MNT to purchase more clothing in order to increase her working capital.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,235.5
    Mongolia Tugriks (MNT) = $1 USD