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Mrs.Narantuya is 38 years old and lives with her husband and son in a Ger in Bayanhongor province of Mongolia. Her husband, Battogtoh, age 37, works in maintenance. Mrs. Narantuya has been a saleswoman since 2010. She has gained a lot of experience in the field and is now starting her own clothing retail business at a rental counter of the local market. She is requesting 1,905,000MNt to purchase inventory for her newly-started clothing business. She is an open-minded, responsible, and friendly woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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 $1,400 helped Narantuya to purchase inventory for her newly started clothing business.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 1, 2013
Feb 25, 2013
Currency Exchange Loss:
Sep 25, 2014