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Oyungerel
Mrs. Oyungerel is 36 years old and lives with her husband and 3 sons in a ger in the Darhan province of Mongolia. Her husband Monhbat helps his wife with their organic vegetable retail business at a local market. Her sons Ulsbold, age 7, goes to a local primary school and Torbold, age 4, and Irmuun, age 5, go to a local kindergarten. The borrower has been running her organic vegetable retail business since 2002. She has gained a lot of experience and the customers' trust over the years. She is now requesting 5,000,000 MNT to purchase larger amounts of organic vegetables to sell at her rental counter. She is a hardworking, active 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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,600 helped Oyungerel to purchase larger amounts of organic vegetables to sell at her rental counter.
90% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2013
Listed
Mar 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014