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Oyunbileg
Oyunbileg N. is 26 years old and lives with her husband and mother in Bayanhongor province, central Mongolia. They live in their own ger, a traditional nomadic housing tent.

Oyunbileg operates a noodle-making shop with the help of her husband. She and her husband began the business in 2007 after purchasing noodle-producing equipment with 1,500,000 MNT. Since then, they have been operating their business sustainably and actively.

The two would like to keep growing their business and be able to increase production types so that this business will be popular among their customers. Oyunbileg is requesting a 2,500,000 MNT loan in order to purchase equipment and more flour used in the production of noodles.

Oyunbileg hopes to create her own noodle factory in her town in the future.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,344.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Oyunbileg to purchase equipment and more flour.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2010
Listed
Aug 5, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 24, 2012