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Oyungerel D. is 43 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in their own ger, a traditional Mongolian nomadic housing tent with a fence. Her son attends a local secondary school while her daughter attends university. Her husband is currently unemployed and Oyungerel operates a grocery store in her community. She began her business in 2007 with a small shop and now her working capital exceeds 1,500,000 tugriks (MNT). Over the years, she has been able to build a stable business. Her daily average income is between 120,000 and 150,000 MNT.

Oyungerel wants to continue growing her business and increasing her product line by selling cell phone parts in the future. She is requesting a 3,000,000 MNT loan in order to increase her working capital.

Additional Information

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,324.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,275 helped Oyungerel to buy more products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 23, 2010
Sep 30, 2010
Currency Exchange Loss:
Oct 24, 2011