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Oyungerel
Oyungerel D., age 56, operates a meat retail trading business in her town. She started her business in 2000 with a working capital of 300,000 MNT. After many years of operation, she has gained significant experience as a trader. She is requesting a 2,000,000 MNT loan in order to invest in her business as well as to purchase an LCD TV and a washing machine for her home.

She lives with her son in Suhbaatar province, Mongolia. They live in a "ger," a traditional Mongolian nomadic tent. Her son works as the assistant driver of a micro bus and transports people between Ulaanbaatar, the capital city of Mongolia, and Bulgan province. Oyungerel hopes one day to help her son buy his own micro bus.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,282.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Oyungerel to invest in her business as well as to purchase an LCD TV and a washing machine for her home.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2010
Listed
Nov 9, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 24, 2011