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Naidanjav C. is 57 years old and lives with her husband and a daughter in their own house in Arhangai province, central Mongolia. Her husband is retired and her daughter is a student. Naidanjav manages a business selling satellite antennas in her town.

Naidanjav began a clothes selling business in 2000 with working capital of 700,000 MNT and gained much experience. Based on her many years in business, she made a contract with a local company in order to supply satellite antennas which she imports from Ereen, a border city inf China. Now her working capital has reached 3,800,000 MNT. Naidanjav is a modest, energetic and optimistic person. She says, “I wish I could afford my daughter's tuition fees and create new success for my family." Naidanjav is requesting a 1,500,000 MNT loan to purchase a large amount of satellite antennas for her business.

Additional Information

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Naidanjav to purchase satellite antennas to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 2, 2010
Jul 16, 2010
Currency Exchange Loss:
Sep 15, 2010