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Oyungerel
Oyungerel is 44 years old and lives with her husband and two sons in a ger (a Mongolian yurt) in the Govi-Altai province of Mongolia. Her husband is a cab driver, her elder son is employed, and her younger son is a college student. She started her business journey in 2000 by selling meats, however she started selling groceries, which is more profitable, in 2010. She already bought a pick-up truck with the profits from her business. Now that her business is profitable, she rented another counter in the market to run the same business. She is a sharp and hardworking woman who says, "Now that my kids are grown, it is time to concentrate on my business." She is requesting 2,500,000 MNT to buy more grocery products at wholesale prices.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Oyungerel to buy more grocery products at wholesale prices.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2011
Listed
Nov 23, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013