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Mrs Oyun is 42 years old and lives with husband and three children in a ger in Arhangai province, Mongolia. Her husband, Enhbaatar, is 42 years old. He works a repairman in a private company. Her daughter, Tuvsghintugs, is 19 years old. She is a college student. Her son, Chubo, is 12 years old. He is a secondary school student. Her younger son, Janlawzogzol, is 5 years old. He is joining a kindergarden.

Mrs Oyun started her business in 2011 as meat retail at a rental counter on the black market. She has had many customers, and improved her business' net profit. She is planning to expand her business to wholesale meat. She is a modest and hardworking person. She is asking for a 2 000 000 MNT loan to buy more goods. She will buy the goods for the business using 500.000 MNT. She will use rest of the loan to pay a school premium for her older daughter's education.

Additional Information

More information about this loan

This loan is part of XacBank's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to secondary and higher education.

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
  • 1,395.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Oyun to buy more goods for her business offer and to pay premium for her older daughter.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 12, 2012
Sep 30, 2012
Currency Exchange Loss:
Sep 17, 2013