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Oyunchimeg
Oyunchimeg is a 38-year-old widow who lives with her son in a ger in the Arhangai province of Mongolia. Her youngest son, Nergui, is 20 and he works as an assistant at a construction company. Her other children are married and live separately. Since 2011, Oyunchimeg has been running an organic dairy product business at a local market. She has built close relationships with her customers and suppliers over the years.

Oyunchimeg is now requesting a 2,000,000 MNT loan to purchase large amounts of organic dairy products to sell to local customers. She is a hardworking, friendly, and diligent 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,399.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Oyunchimeg to purchase organic dairy products to sell to local customers.
93% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014