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Oyungerel
Mr.Oyungerel is 27 years old and lives with his wife and daughter in Hentii Province of Mongolia. His wife, Gandari, age 28, helps her husband to run his business of public transportation provider. His daughter, Pyundari, age 9, goes to a local primary school.

Oyungerel has been running an inter-city transportation provider business since 2009. He has gained a lot of experience and strong customers over the years.

Oyungerel is now requesting 3,600,000 MNT to purchase an eco-friendly electric and gas-consuming minivan to provide his transportation business to local customers. He is a hardworking, enthusiastic and responsible person.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,600 helped Oyungerel to purchase an eco-friendly electric and gas-consuming minivan to provide his transportation business to local customers.
94% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2012
Listed
Jan 13, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013