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Ochirhand
Ochirhand is 51 years old and lives with her husband in a ger, which is a Mongolian yurt, in the Huvsgul province of Mongolia. Her husband also sells meat, and her daughter lives separately.

Orchirhand started her business in 1995 by selling meat at the local market. She has 16 years of business and work experience in her field. She is a hardworking and diligent woman who says, "In the future with my profits i am planning to purchase a car for business purposes." She is requesting a 2,500,000 MNT loan to increase her turnover capital and buy more meat.

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
  • 1,298.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Ochirhand to buy meat for her butcher shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2011