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Osohchimeg
Mrs. Osohchimeg is 21 years old and lives with her mother and twin sister in a small house in Ulaanbaatar city of Mongolia. Her mother Oyunhuu has been running an organic vegetable and fruits retail business in the local market for year. The borrower has been helping her mother since she was in the 1st grade of primary school. Her twin sister Osohnemeh studies at university. The borrower started her own organic vegetable sales business in a rental counter of the local market in 2005 during her free time from her studies. She is now requesting 3,0000,000 MNT to purchase more organic vegetables to sell to local customers. She is a hardworking, well-experienced, and responsible 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,378.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,200 helped Osohchimeg to purchase more organic vegetables to sell to local customers.
95% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014