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Oyunchimeg S. is 41 years old and lives with her husband in Hovd province, Mongolia. She and her husband live in a ger, a traditional Mongolian nomadic housing tent. Her husband is a driver and operates a transportation business using his own truck to supplement his family’s income.

Oyunchimeg manages a clothing business in her town. She started her business in 2004 and has since built a stable operation. After growing her business over the years, her earnings enabled her to buy a car for her family.

Oyunchimeg is requesting a 3,000,000 MNT loan to purchase more winter clothes in order to expand 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD