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Oyunhuu
Oyunhuu S. is 52 years old and lives with her husband and three children in Hovd province, Mongolia. She and her family live in a ger, a traditional Mongolian nomadic housing tent. Her oldest son currently works, her middle daughter is a university student, while her youngest daughter attends a local high school.

Oyunhuu and her husband operate a welding service business in their town. They started their business in 2006 after operating a cafe in the local market for several years.

Oyunhuu is a modest woman and says, " We try to work hard to provide a good and decent life for our children". She is requesting a 800,000 MNT loan to purchase welding equipment and other necessary tools and materials 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,225.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Oyunhuu to purchase welding equipment, tools, and materials.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2010
Listed
Dec 8, 2010
Currency Exchange Loss:
Possible
Ended:
May 18, 2012