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Otgonbileg is 52 years old and lives with her husband, two children and her granddaughter. Her husband is an accountant, her children are college students and her granddaughter stays at home.

She started her grocery business in 1996 by planting potatoes. Now, she harvests 2,500 kgs. of potatoes each year and she owns a retailing counter in a local market.

However, her own harvest isn't enough for running a retail business so she buys additional stocks each year. She is requesting 800,000 MNT to buy other kinds of vegetables for her grocery trading 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,279.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Otgonbileg to buy other kinds of vegetables.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Oct 4, 2011
Oct 23, 2011
Currency Exchange Loss:
Dec 20, 2011