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Nergui
Mrs.Nergui is 36 years old and lives with her husband and seven children in Ger, in Nalaih district of Ulaanbaatar, Mongolia. Her husband, Bayarbat, is 37 years old and works at a local company. All her children are under 18 years of age and go to local schools and kindergarten.

Nergui has been attending trainings and courses provided by NGOs and other free-training providers over the years. She started her business of felt production, at home, in 2006. She now runs an organic vegetable growing and sales business on her plot of land in a greenhouse and also provides tailoring services at home.

She is a hard-working, innovative, and enthusiastic woman who needs MNT 3,000,000 to purchase insulation material and construction material to finish building the house and to stay warm with her big happy family during the 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,435.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Nergui to purchase insulation material and construction material to finish building her house and stay warm with her big happy family during the winter.
95% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013