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Oyuntuya
Oyuntuya is 42 years old lives with her husband and son in a small house in the Orhon province of Mongolia. Her husband, Ganbayar, is 34 and works as a salesperson at a local butcher shop. Oyuntuya's son, Bayasgalantogoldor, is six years old and goes to a local primary school. Since 2004, Oyuntuya has been running an organic dairy products business in the local market. She has gained a lot of experience and a number of regular customers over the years.

Oyuntuya is requesting a 1,050,000 MNT loan to purchase a large amount of organic dairy products to sell at her counter in the local market. She is a hardworking, enthusiastic, and caring 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
  • 9
    View loans »
    Mongolia Loans Fundraising
  • $15,345,375
    Funds lent in using Kiva
  • 1,380.3
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Oyuntuya to purchase organic dairy products to sell at her counter in the local market.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2012
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 9, 2013