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Oyun
Oyun J. is a single mother with three children. She lives with her three sons in Arhangai province, one of Mongolia's central provinces. Her oldest son is 25 years old and works as an engineer for a local mining company. The next son drives a cab in the town. Her youngest son is 18 years old and goes to a local high school.

Oyun plants various vegetables on a small plot of land she owns and sells those vegetables once they are harvested. She has been in the business for the last six years. She started her vegetable-growing business with small capital of 100,000 MNT ($1 USD = 1,450 MNT) in 2003 and her working capital currently ranges between 1,000,000 MNT to 4,000,000 MNT depending on the harvest season. She has just recently started small-scale bee farming.

In the future, Oyun would like to continue to expand both her vegetable-growing and bee-farming businesses on her own. She says that she is very optimistic and excited about her businesses. She requests a loan to purchase more bees and vegetable seeds for her businesses.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,422.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Oyun to purchase more bees and vegetable seeds for her businesses.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2009
Listed
Jul 8, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010