Mongolmaa Ochirbat

Thank you for your loan. It has been disbursed to Mongolmaa Ochirbat by XacBank in Mongolia. We are excited to watch this business grow. Over the 11 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

Mongolmaa Ochirbat has recently paid off his loan to Kiva. She thanks to Kiva for the loan that helped her business be able to continue and be a success. Mongolmaa sells various new and second-hand cell phones at Tedy Center, the largest phone sales center in Ulaanbaatar, the capital city of Mongolia. She mostly buys the retail cellphones from Ereen, China, a border town where many of cheap products are imported from, and sells them at her stall in Tedy Center. She mostly needs loan capital when needs to make a trip to Ereen for inventory cellphones. Because of the Kiva loan, she was able to go to Ereen and purchase most needed cellphones for her customers. Although she is just 27-year-old, she is already a savvy entrepreneur. She supports her sister's university tuition with her business profit. She says that her sister will graduate her university next year and she is now more than hopeful to make enough profit to generate her sister's tuition money this year.