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Mrs. Naransolongo is 28 years old and lives with her husband and 3 children, under 8, in their Ger (a traditional nomadic tent accommodation) in Uvs province of Mongolia. Her husband is a driver and currently unemployed. Her older child attends a local primary school, and the younger 2 go to kindergarten.

Naransolongo has been herding livestock with her husband since 2005. Her husband takes care of their livestock during winter when the livestock requires a lot of work, and he used to work as a part-time driver.

Naransolongo started producing traditional leather boots at home in 2010, and now provides a variety of traditional boots to her clients. She is now requesting 4,500,000 MNT to let her husband start a butcher shop business and increase their family income. She and her husband are hardworking and diligent people.

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

  • $5,900
    Average annual income
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,697.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Naransolongo to let her husband start butcher shop business to increase their family income.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Oct 13, 2013
Nov 14, 2013
Currency Exchange Loss:
Feb 3, 2015