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Oyunjargal T. is a 28-year-old single woman who lives with her grandmother in the Uvurhangai province of Mongolia. She operates a women's clothing retail business from a stall at a local clothing market. Oyunjargal started her clothing business in 2000 with the help of her sister. After finding success and achieving stable business operations, she expanded her product line to include children's and women's clothing items, and rented an additional stall. In 2005, her sister moved to Ulaanbaatar, the capital city of Mongolia, and now they operate their businesses individually. Since 2009, she has been renting a stall in the local trade center, where she sells a variety of women's clothing items and her wide selection of products attracts many customers.

Oyunjargal is a diligent and hardworking person, and she is requesting a 1,500,000 MNT loan to purchase more winter clothing items for her 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,275.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Oyunjargal to purchase more winter clothing items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 25, 2010
Nov 3, 2010
Currency Exchange Loss:
Apr 16, 2011