Check out some available loans that are similar to this one!
Mrs.Oyuntuya aged 39, lives with 2 daughters in a Gobi province of Mongolia. Her husband died in 2008. Her 2 daughters go to secondary school. They live in a ger /Mongolian national yurt/. In August 2012, she started her own body-stocking and bags sales business. She had saving of 1.500.000 MNT to start her business. Before, she worked as a seller in a grocery for 6 months where she learned sales management. She operates her business on a rental 2-meter counter of a store for the elderly. The rental payment is 100.000 MNT. She is asking a 3.800.000 MNT to import more body-stocking and bags from China.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Oyuntuya to import bodystocking and bags from China.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Sep 7, 2012
Currency Exchange Loss:
Apr 17, 2013