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Oyun
Oyun, 57, is married and lives with her husband and a son in Uvs province of Mongolia. Her husband is retired and her son attends a college.

Her husband helps her with the business. They make gers, Mongolian nomadic housing tents, and export them to Russia. They make 400,000 Mongolian tugriks (MNT) profit from each ger. Oyun is a hardwoking and sociable person who says, "We want to expand our business and make gers for our children."

She is requesting a loan of 3,000,000 MNT to purchase felt, wood and other 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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,201.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Oyun to purchase felt, wood and other materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2011
Listed
Mar 28, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 18, 2012