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Mrs. Narantsetseg is 44 years old and lives with her husband and son in a ger (traditional felt housing) in Huvsgul province of Mongolia. Her husband, Purev-Ochir, provides carpentry services in town. Her son, Huvsguldalai, is a university student.

Narantsetseg has been running an organic fruit and vegetable retail business in a local market since 2007. She has gained a lot of experience and regular customers over the years. She is now planning to grow organic vegetables on her plot of land with the help of her husband and son.

She is requesting 2,600,000 MNT to purchase seeds and seedlings and to cover other expenses. She is a hardworking, friendly and welcoming lady.

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 Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Narantsetseg to purchase seeds, seedlings and cover other expenses.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jun 5, 2013
Jul 8, 2013
Currency Exchange Loss:
Oct 2, 2013