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Narantsetseg
Mrs. Narantsetseg is 46 years old and lives with her husband and three children in a ger in Hentii province, Mongolia. Her husband Zorigtbaatar, age 47, runs a taxi service business in town. Her children Nandin-Od, age 25 and Altan-Od, age 23 have just graduated from their university and now are looking for job. Her younger daughter Odmaa, age 14 studies in a local secondary school. The borrower has been running a business buying recyclable materials from households and selling it to recycling companies at a little higher price. She is now requesting 1,500,000 MNT to purchase a large amount of recyclable materials from households to sell to recycling companies. She is a hardworking, open-minded and modest 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 Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Narantsetseg to purchase a large amount of recyclable materials.
96% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2012
Listed
Jan 14, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013