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Update on Namhia

Namhia is 50 years old and lives with her youngest son in a house in Arkhangai province of Mongolia. Her older children got married and moved out from her house. Her youngest son, Puntsag, age 15, is a secondary school student.

She has been operating a grocery store business at a rental counter of the local market since 2010. Her business is now stable and she has built strong relationships with customers and suppliers over the last two years.

She is now expanding her product range into dairy products and she is also starting to produce organic dried curds to sell at her counter. She needs additional investment of 5,500,000 MNT to purchase a large amount of organic milk and dairy products to increase her sales during winter and spring, which lack in supply of dairy products. She is a diligent and hardworking person who says, "I want my son to graduate university with better education."

Previous Loan Details

Namhia T. is a 48-year-old single mother with four children. She lives with her children in the Arhangai province of Mongolia in a ger, a traditional Mongolian nomadic tent for the past 17 years. Her younger daughter, age 22, attends university and her youngest daughter, age 13, attends a local m... More from Namhia's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,950 helped Namhia to purchase a large amount of organic milk and dairy products to increase her sales during winter and spring, which lack in supply of dairy products.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 7, 2012
Nov 26, 2012
Currency Exchange Loss:
Jul 17, 2013
This photo was used before for a previous loan for Namhia. It was first posted on Kiva on Nov, 2010. Learn More