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Oyunaa is 51 years old, lives with her husband and has five children in "Ger" (a traditional nomadic tent) in the Uvs province of Mongolia. Her husband, Nasanjargal, works at a local company as a driver. Her two older children work at local companies, another two children are university students and the youngest son is a secondary school student. Oyunaa has been working as a cobbler at a local company for years and started her own business at home in 1981. She has years of experience and regular customers. She is planning on building a decent house to live in on their plot of land and is now requesting a loan of 5,000,000 MNT to purchase construction, insulation and other materials to build a decent house for family use. Since all of her children are grown, they need a little bit more space, and they can stay warm with less coal and firewood consumption during the Mongolian harsh and cold winter.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,559.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,225 helped Oyunaa to purchase construction, insulation and other materials to build a decent house for family use.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Aug 28, 2013
Currency Exchange Loss:
Jan 7, 2015