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Nandintsetseg
Mrs. Nandintsetseg is 26 years old and lives with her husband and daughter in small house in the Selenge province of Mongolia. Her husband Monhbaatar, age 27, works at a private company as a driver. Her daughter Egshiglen, age 4, goes to a local kindergarten. Mrs. Nandintsetseg started her own business selling clothing at a rental counter in the local market 11 months ago. She used to work at a clothes retail store as a saleswoman before that and she has lot of experience and networks within the industry. She is now requesting 4,000,000 MNT to purchase construction materials to renovate and insulate her house and change the old wooden windows into vacuum windows in order to lessen the heat loss and stay warm during winter. She is a hardworking, optimistic and diligent woman.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.9
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,875 helped Nandintsetseg to purchase construction materials to renovate and insulate her house.
69% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible