A loan of $1,550 helped to purchase a large amount of food for her stand.

Oyunchimeg's story

From Huvsgul Province in western Mongolia, Oyunchimeg H. is a 41-year old widow who lives with her three children, all students, in a ger, a traditional Mongolian nomadic tent. Although suffering from heart disease, Oyunchimeg has been operating a small food stand in her town since 2000, and her business methods and experience have improved steadily, as have her sales numbers. Known as a reliable borrower from XacBank, she has thus far received and repaid 17 loan. Initially she began this business with working capital of 300,000 MNT, but now it has reached 2,000,000 MNT.

Oyunchimeg is a hardworking and modest woman who would like to keep growing her business. She says, “ I want to be able to afford my children's university tuition fees so that they can help me after graduation.” She is requesting a 2,000,000MNT loan in order to purchase a large amount of food for her stand and to increase her working capital.

Loan details

Lenders and lending teams

Loan details