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Oyunjargal is 41 years old and lives with her husband and son in a ger (Mongolian yurt) in Uvurhangai Province, Mongolia. Her husband is a security guard and her son is a college student. She started her business in 2009 by renting a counter in a market. Her business income and husband's salary are not quite enough to pay her son's college fee; therefore, she needs to expand her business to increase her income. She has already rented another counter in a market; however, she does not have enough supply to run the entire counter. Therefore, Oyunjargal is requesting 1,000,000 MNT to purchase more clothes.

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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
  • 1,370.0
    Mongolia Tugriks (MNT) = $1 USD