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Oyunsuren D. lives with her mother, husband and two children in an apartment in the Chigeltey district of Ulaanbaatar, Mongolia. Her husband runs a taxi service to support his family. Her two children attend a secondary school. Oyunsuren is a salesperson and started her business by selling shoes and clothes in 2007 in the Bumbugur market, one of the main markes in Ulaanbaatar, Mongolia. However, her business had not proven too successful so she decided to start trading a grocery products like floor, rice and sugar in the Bars Market, Ulaanbaatar's biggest grocery market, in April, 2010.

Oyunsuren is a very hardworking and intelligent person. She is requesting a 1,300,000 MNT loan to grow her working capital.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,317.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Oyunsuren to buy more floor, rice and suger.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 6, 2010
Sep 10, 2010
Currency Exchange Loss:
Sep 15, 2012