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Narantsetseg
Narantsetseg is 25 years old and lives with her husband and daughter in a ger, a Mongolian yurt, in Govi-Altai Province, Mongolia. Her daughter goes to a kindergarten, while her husband, who works in a mining company, earns a monthly salary of 650,000 MNT.



Narantsetseg manages a clothing-trading business in a rented stall at a trading center, and has gained much experience since starting the enterprise in 2007. She is very adept at collecting and purchasing stylish and quality products for her business, so her customers are happy to patronize her stall. She also offers barter trading for local residents in order to make her business more accessible.



A hardworking lady who says, "One will succeed if she has a positive attitude," Narantsetseg is requesting a 2,000,000 MNT loan to import products from China to sell in the coming summer. She is planning to buy a house and a car with her business profits.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Narantsetseg to import clothing products from China.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2011
Listed
May 9, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012