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Narantsetseg
Mrs. Narantsetseg is 43 years old and lives with her husband in a 'ger' in Uvurhangai province of Mongolia. Her husband Erdenetogtoh is 51 and a plumber and provides services to his clients.

Narantsetseg has been running a butcher shop business since 1995 in a rental stall of the local market. She has built close relationships with her customers over the years. She purchases livestock from herders and sells meat products to local customers in her stall. She is now planning to produce organic meat products and increase her sales and profit. She is requesting a loan of 2,000,000 MNT to purchase a large amount of livestock from herders for her business. She is hardworking, open-minded and a communicative woman.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Narantsetseg to purchase large amounts of livestock from herders.
92% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jul 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014