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Oyunaa, 48 years old, lives with her husband and a daughter in a traditional 'ger' in Ulaanbaatar city, Mongolia. Her husband is employed, and Oyunaa has been running an ice cream retail business since 2008, offering a variety of ice cream and other frozen products. She has some regular, contracted suppliers and customers in the field, and her business activities are stable.

Oyunaa, a good-natured woman, says, "I would like to expand the business activity by purchasing a small van with a freezer," and so is requesting a loan of 3,000,000 MNT to buy one.

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
  • 1,307.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Oyunaa to buy a van with a freezer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 19, 2012
Apr 30, 2012
Currency Exchange Loss:
Jan 17, 2014