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Naranhuu
Mrs. Naranhuu is 42 years old and lives with her husband and three children in a house in the Bayanhoshuu area of Ulaanbaatar city, Mongolia. Her husband has helped her to run their family business of a grocery store in the first floor of their house since they moved to the city from Selenge province. They are self-employed and successfully running their business and make enough profit to cover their family expenses, their daughter's university tuition fee and the health fees of their younger daughter who is not able to go to university and stays home. Their youngest son is 5 and attends local kindergarten.

Naranhuu is now requesting a loan of 6,000,000MNT to purchase large amounts of organic products from herders and other retailers to sell in her store and increase their profit to start savings for their son's future and education. They are a happy and hardworking family.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,600 helped Naranhuu to purchase large amounts of organic products from herders and other retailers to sell in her store and increase their profit.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014