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Narantuya
Narantuya is 48 years old. She lives with her husband and two children in a small house in the Arkhangai province of Mongolia. Her husband, Tomorbaatar, is a herdsman and goes back and forth to countryside and province center. Her daughter Battsetseg, age 21, studies at the university and her son, Tserennadmid, age 15, goes to the local secondary school.

Narantuya has been producing organic dairy products since 2001. She and her husband have been breeding cattle and sheep for years and have lot of experience in organic dairy products' production and sales. She is now requesting MNT 500000 to purchase forage for herds for winter. She and her husband are hard-working, helpful, and neat people.

Picture of the borrower was taken in rental counter of organic dairy products retail. It is not bakery where she works.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Narantuya to purchase forage for herds for winter.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013