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Oyundari
Oyundari is 43 years old and lives with her husband and three children in an apartment in Orhon Province, Mongolia. Her husband, Erdenebat, is 43 years old. He runs a taxi service and agriculture business. He plants organic potatoes and other organic vegetables on 1.5 hectares of farmland. Her older son, Dorjburam, is 21 years old and is a collage student. Her younger sons, Tsogtbayar and Ganbayar, ages 19 and 11, are secondary school students. Oyundari started her business in 2001. She operates a business selling paperback books, toys and households goods in the trading center. Her working capital is about 10 million MNT. Because she decided to help her husband`s business, she requests a 5000000 MNT loan to spend on salaries and transportation of her husband`s harvest and to carry organic vegetables. She is an ethical and amiable woman.

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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,700 helped Oyundari to cover salaries and transportation costs of her husband`s harvest and to sell organic vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Aug 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013