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Mrs. Narantuya is 37 years old and lives with her husband and a daughter in a small house in Selenge province, Mongolia. Her husband, Uliyanow, is 37 years old. He works as a driver for a mining company. Her daughter, Haliunaa, is 15 years old. She is a secondary school student. Mrs Narantuya moved from Ulaanbaatar city to Selenge province in 2010 with her family.

Mrs.Narantuya has been working in clothes retail business in the black market. She is planning to open her own business in that market. She is responsible and honest person. She needs 3,900,000MNT to purchase clothes and other necessary items for her newly starting business.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Narantuya to purchase clothes and other necessary items for her newly starting business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 10, 2012
Oct 15, 2012
Currency Exchange Loss:
Sep 17, 2014