Check out some available loans that are similar to this one!
Ms.Narantuya is 49 years old and lives with her husband and daughter in a small house in Selenge Province, Mongolia. She has been working as a salesperson since 1992 and obtained a lot of experience in that sector. Her living standard is normal.

She is starting to open her own store of clothes and other goods at a rental counter at a shopping center. Her husband will be helping her to run the business of clothes retailing.

She is requesting 2,000,000 MNT to buy starting inventory and to cover the first month’s rent for the counter at the shopping center. She is a responsible and hardworking woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Narantuya to buy starting inventory and to cover the first month's rent of a counter at a shopping center.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 3, 2012
Oct 28, 2012
Currency Exchange Loss:
Aug 17, 2014