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Narantsetseg
Mrs. Narantsetseg is 48 years old and lives with her husband and two daughters in their house in Han-Uul district of Ulaanbaatar, Mongolia. Her husband Baatartsogt, aged 47, drives a taxi and provides taxi service to local customers. Her two daughters Namuundari and Dorjhand, aged 23 and 21, are university students.

Mrs. Narantsetseg worked as a teacher at a local school until 2006 and from 2007 she started her own business of clothes tailoring in a rented workplace, running her business successfully until now. She has built a close relationship with her customers and suppliers and she has been covering family expense and their two daughters' school-related expenses from her business profit.

Mrs. Narantsetseg is planning to renovate her house before the harsh Mongolian winter comes and she is requesting 6,000,000 MNT to install a floor heating system in order to stay warm during the harsh and cold Mongolian winter. She is a talkative, welcoming and hardworking person.

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.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,325 helped Narantsetseg to install a floor heating system in order to stay warm during the harsh and cold Mongolian winter.
78% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible