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Oyuntsetseg
T.Oyuntsetseg is a lathe operator who received her secondary education. In accordance with her occupation, she started her repair business in 1995 with the help of her husband. They live with their three daughters in a ger (Mongolian nomadic dwelling) in the Chingeltei District of Ulaanbaatar, Mongolia. This nomadic dwelling is quite small for 5 people.



They have a dream to buy more gers for their children when they get married and have their own lives. The oldest daughter studies at the Nursing College in order to become a very good nurse and help others. The other two daughters go to high school and study very hard in order to further their education and help their parents.



Oyuntsetseg's business is repairing and welding cars and iron goods. They also produce hand-made iron goods, such as chairs and shelves. With the iron goods, they earn 200,000 tugrug (~141 USD) and by repairing cars they earn approximately 300,000 to 500,000 tugrug (~210 USD - 350 USD) in a month. Since the start if the business, they have gained a great reputation among their customers. There is no one in their area unacquainted with them.



When people say "Huyga's home", everyone knows about whom they are talking. "It is significant to be good at one's occupation," says Oyuntsetseg, and that is true for everyone. They want to expand their business on behalf of their children's future. She is requesting a 3,000,000 tugrug (~2100 USD) loan to maintain and expand her car repair 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,411.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Oyuntsetseg to maintain and expand her car repair business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2009
Listed
Sep 18, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011