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Oyuntulhuur Y. is the 44-year-old single mother of one. Her daughter Gantuya is 22 and a college student in Ulaanbaatar, the capital city of Mongolia. Oyuntulhuur lives in a friend’s home in Arhanghay, one of the central Mongolian provinces.

She started her butcher business last year. She does not have a stall of her own and shares her sister’s butcher stall at the local market. When she started her butcher business, her working capital was 40,000 tugrugs ($33.00 USD). She works hard to improve her living condition and battles against poverty. As a result her working capital has increased to 350,000 tugrugs, and her living conditions have improved.

Oyuntulhuur has many dreams, particularly to own a plot of land to live on and to have her own butcher shop. She requests a loan to buy organs and a whole animal to divide into pieces for sale.

Additional Information

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Oyuntulhuur to buy organs and a whole animal to divide into pieces for sale in her butcher business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 7, 2009
Apr 16, 2009
Currency Exchange Loss:
May 15, 2010