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Nandintsetseg
Mrs. Nandintsetseg is 23 years old and lives with her husband and daughter in a 'ger' in Hentii province of Mongolia. Her husband Hureltulga, age 23, works at the local police department. Her daughter Azbolor, age 2, just started going to local kindergarten. The borrower has been running a small cafeteria in a rental place and she is now planning to start up her clothing sales business in a rental counter of a local market. She is now requesting 5,000,000 MNT to purchase starting inventory for her clothing sales business. She is hardworking, open-minded and an honest 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

  • $2,175
    Average annual income
  • 21
    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 $3,625 helped Nandintsetseg to purchase starting inventory for her clothing sales business.
84% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015