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Oyun-Erdene
Oyun-Erdene is 47 years old and lives with her husband and four children in Ger, in the Darhan province of Mongolia. Her husband, Yondon, runs a transportation service business in town. Her daughter, Erdenechimeg, age 23, and two sons, Sugar, age 21, and Enhbayar, age 15, are university students. Her youngest son, Batbaatar, age 13, goes to a local school.

Oyun-Erdene has been running her recyclable material retail business in the local market for 17 years and has gained lot of experience and customers' trust over the years. She is now requesting MNT 4,000,000 to purchase an eco-friendly, electric and gas-consuming car for her husband's transportation business. She is a hard-working woman who says, "My husband and I want to let my children graduate good universities, with better education."

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Oyun-Erdene to purchase an eco-friendly, electric and gas-consuming car for her husband's transportation business.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2012
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014