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Mrs. Nurzed is 55 years old and a widow. She lives with her two children in a ger (traditional, round, felt tent) in Uvs province, Mongolia. Her daughter, Altangul, is a 19-year-old university student, and her son, Myagmarsuren, is a 13-year-old secondary school student.

Borrower has been running her small, retail business in the local market, since 2001. She has been raising her children all alone for years. She covers her family's living expenses from her business profit. She is now planning to build their own, small house.

She is requesting a 2,000,000 MNT loan to purchase inventory for her small, retail business in the local market. She is a hard-working, tough and patient woman, who says "I need to save for my son's further study."

Additional Information

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,376.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Nurzed to purchase inventory for her small, retail business in local market.
92% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 26, 2013
Feb 25, 2013
Currency Exchange Loss:
Sep 23, 2013