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Oyunchimeg
Oyunchimeg is a 62-year-old widow who lives with her son in Ger, in the Hentii province of Mongolia. Her son runs a transportation service business in town. Oyunchimeg has been running her recyclable materials retail business in the local market. She has gained lot of regular customers over the years.

Oyunchimeg is now requesting MNT 3,500,000 to purchase a large amount of recyclable materials from households and sell them to recycling companies. She is a hard-working, modest and diligent 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,525 helped Oyunchimeg to purchase a large amount of recyclable materials from households and sell them to recycling companies.
98% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2012
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 3, 2015