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.
About XacBankThis 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.
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Success!! The loan was 100% repaid