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Oyunbileg
Oyunbileg is a 39-year-old female head of family and lives with her daughter in Ger, in the Hentii province of Mongolia. Her daughter Chuluunchimeg, age 16, goes to the local secondary school. The borrower has been running her small cafeteria since 2008. She serves organic food to her customers. She is now requesting a loan of 500,000 MNT to purchase large amounts of meat to serve her customers with organic meals. She is a hardworking and patient 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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $375 helped Oyunbileg to purchase large amounts of meat to serve her customers with organic meals.
96% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013