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Thirty-year-old Norovsuren lives with her daughter and disabled brother in Uvurhangai Province, Mongolia. Having started her garment-retailing by selling socks in the streets in 1999, she now owns two counters in the province's biggest market.

Well-known and well-experienced, Norovsuren is a sharp and hardworking woman who says, "I started my business from scratch. I worked hard to go this far." Now that winter is approaching, she needs warmer clothes to sell and is requesting 2,500,000 to buy more garments.

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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD