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Oyunsuren
Oyunsuren, aged 51, lives in her own small house in Bulgan province, Mongolia. Her husband passed away a year ago. Her children live separately. Oyunsuren started her business making pizzas in 2011. There are no competitors for her business in the local area. Usually, she makes vegetable pizzas. She is well known by the local residents and they always appreciate her pizzas as they are delicious and healthy. Thus, her business has become sustainable and has many regular customers.

In the future, Oyunsuren wants to expand her business by increasing the number of product items and by building her own workplace. She is a diligent and hard-working woman. She said, " I need to purchase an oven in order to increase my business income as well as my profit." She is requesting a loan of 1,000,000 MNT to purchase an oven and organic vegetables to increase the range of her products.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,327.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Oyunsuren to purchase an oven and organic vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013