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Oyunchimeg, 31, is married and lives with her husband and two children in the Dornod province of Mongolia. They live in an apartment that they have owned since 2005 and have a decent standard of living. Oyunchimeg's husband works for a mining company and has a part time job, earning monthly salaries of 300,000 MNT and 250,000 MNT respectively.

Oyunchimeg began operating a clothing sales business in 2006. She rents a stall at a local trading center and sells consumer goods such as hats and sunglasses, which she imports from China. She wants to expand her business and increase her profit in the future. Oyunchimeg is a hardworking and modest person who says, "I am trying to expand my business and save money for my children's future studies." She is requesting a loan of 2,000,000 MNT to import more consumer goods from China.

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
  • 1,235.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Oyunchimeg to import more consumer goods.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 3, 2011
Mar 14, 2011
Currency Exchange Loss:
Jun 24, 2011