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Nyamgongor B. is 52 years old and lives with her husband and two sons in Zavhan province, Mongolia. Her older son lives separately while her younger son attends a local school. Nyamgongor and her family live together in a ger, a traditional Mongolian nomadic home tent and fence.

Nyamgongor began her meat-selling business in 1995 and since then has gained a lot of experience. She buys livestock and meat in bulk from the countryside and sells it in her town. Her husband helps in her meat business. Nyamgongor is a loyal and hardworking woman. She is requesting a 1,000,000 MNT loan in order to purchase more meat for her meat-trading 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
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Nyamgongor to purchase more meat for resale.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Nov 29, 2010
Dec 29, 2010
Currency Exchange Loss:
Oct 15, 2012