Now Oyunchimeg would like to open a small internet cafe to offer internet services and computer games to local people. She sees a great market opportunity as many local young people are really getting into internet surfing and computer games. She is committed to making the internet cafe a success as her private businesses are the sole source of family income. All of her children are top students at their respective high schools, and Oyunchimeg wants to make sure that they all continue their studies at the universities of their choice and pursue their dreams. She says that she works very hard to make all this come true.
Oyunchimeg is requesting a loan to purchase computers and internet access for her new internet cafe.
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