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Oyunbileg Luvsan has a small butcher stall in the Huchit Shonhor market, one of the largest food markets in Ulaanbaatar. Since the beginning of her business in 2000, she has been selling fresh meat that she purchases from the wholesale markets. Her husband drives his truck to purchase and bring meat from the wholesale markets located outside the city.

Oyunbileg lives with her husband and two children in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. Her older daughter is a 6th grader in the local high school and her younger daughter is just 4 months old. She and her family live in a ger (a round, nomadic tent). Her family is working hard to build a new home on their land in the near future. She requests a loan to purchase more meat from the wholesale markets for her business.

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
  • 1,413.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Oyunbileg to purchase more meat from the wholesale markets.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 5, 2009
May 24, 2009
Currency Exchange Loss:
May 15, 2010