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Nyamaahuu
Nyamaahuu, 48, is married and lives with her husband and five children in a ger, a traditional Mongolian yurt, in Hovd province, Mongolia. Her older daughter has graduated from college and the younger two daughters are still students. One of her sons is a pupil and the younger one is in kindergarten. Nyamaahuu's husband, Namjildorj, is a driver who transports people from one place to another.

Nyamaahuu has operated a vegetable sales business in her town since 1990. In the spring, she plants a variety of vegetables, including cabbage, carrots and potatoes, and sells them in the fall. She is planning to continue and to expand her business in the future. She is a polite woman who says, "All I want is to get my children educated and help them to be better persons." She is requesting a 350,000 MNT loan to purchase seeds and other needed equipment 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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,215.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Nyamaahuu to purchase seeds and other needed equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2011
Listed
May 14, 2011
Currency Exchange Loss:
Possible
Ended:
May 18, 2012