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.
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