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Update on Tungalag

Mrs Tungalag is 46 years old and lives with her husband and two children in a small house in Han-Uul district, Mongolia. Her husband, Narmandah, works in a private company. Her son, Chinzorig, studies in Korea. Her daughter, Anujin, is a secondary school student.

Mrs Tungalag started a sewing business in 2002. Since 2009, she has been tailoring baby hats and supplies them to a baby clothes selling company. She built her own workplace near her house.

Her new workhouse does not have a heating system and during the Mongolian harsh and cold winter, the weather reaches minus 30-40 degrees Celsius. She is a honest and diligent person. She is requesting 3,000,000 MNT to purchase and install a heating system for her new workplace.

Previous Loan Details

Tungalag is 45 years old and lives with her husband and two kids in a ger (Mongolian yurt) in the city of Ulaanbaatar, Mongolia. Her husband works in a factory, her elder son is a cab driver, and her younger son is a student. She started her business in 2002 by sewing at home. She specializes in ... More from Tungalag's previous loan »

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,374.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Tungalag to purchase and install a heating system for her new workplace.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 21, 2012
Currency Exchange Loss:
Jul 17, 2013
This photo was used before for a previous loan for Tungalag. It was first posted on Kiva on Nov, 2011. Learn More