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Hishignyam, a 48-year-old widow, lives with her three children in a small house in the Hentii province of Mongolia. Her son, Nyamhatan, age 20, and daughter, Namjilmaa, age 19, are university students. Youngest daughter, Myadagdemberel, age 12, goes to a local school.

Hishignyam has been running her tailoring service business since 2001. She is well-experienced and a well-known tailor in town.

She is now requesting MNT 2,500,000 to purchase construction and insulation materials to renovate and insulate her house, to stay warm during the cold, Mongolian winter. Hishignyam is a responsible and hard-working woman.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Hishignyam to purchase construction and insulation materials to renovate and insulate her house, to stay warm during the cold, Mongolian winter.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Jan 4, 2013
Currency Exchange Loss:
Dec 17, 2013