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Narantuya
Narantuya is 37 years old and lives with her husband and four children in the Selenge province of Mongolia.

Her husband, Sharhuu, works at a local company. Her daughter Enhchimeg, aged 21, is a university student. Her son Enhdelger, aged 17, and daughters Bolortungalag, aged 12, and Bolor-Erdene, aged 10, go to local schools.

Narantuya started her business of selling organic fruit and vegetables at a local market in 2006. She has gained a lot of experience over the years. She is a hardworking, positive and kind woman.

Narantuya is now requesting 1'500'000MNT to purchase large amounts of organic fruit to sell during winter.

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
  • 15
    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 Narantuya to purchase large amounts of organic fruit to sell at her market stall during winter.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2012
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013