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Naransuren is 52 years old, widowed, and has one daughter who attends school. They live in Uvurhangai province in Central Mongolia. She has been making various types of traditional boots at home. Her production has been improving year by year. Recently, she bought a new sewing machine and other equipment to make the work easier and fast. The customers are always satisfied with the products she is making.

Naransuren is requesting a loan for 1,200,000 MNT, which she will use to purchase materials to make boots. She is a bright woman with lots of plans for the future. She would like to expand her business by getting the materials in large quantities so that she can have more customers, income, and savings.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Naransuren to purchase materials to make boots.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 10, 2012
Mar 12, 2012
Currency Exchange Loss:
Aug 16, 2012