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Namsraijav
Namsraijav D., 52, is married and lives with her husband, son and daughter in Ulaanbaatar, the capital of Mongolia. They live in a ger, a Mongolian nomadic housing tent, in someone's backyard.

Her husband is unemployed and her son has a health problem because of a car accident. They used to live in an apartment and sold it to help their son go to work in Korea. Their son had a car accident when he came back from Korea.

Namsraijav began selling women's lingerie in 2003 and operated two stalls that she owned. Then she had to sell one of her two stalls when her son had the accident.

Now her son is getting much better after a long treatment and she wants to operate her business properly. Her current stall is located at a crowded market. Her daily gross income is 80,000 MNT and her current working capital exceeds 3,000,000 MNT. She goes to China once or twice a month depending on the sales.

She is requesting a loan of 3,500,000 MNT to purchase more items to sell in her business, and also to repair her ger.

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
  • 1,216.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Namsraijav to purchase more items to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Mar 22, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013