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Oyun N. is a 68-year-old woman who lives with her daughter, son-in-law and two grandchildren in Han-Uul district of Ulaanbaatar, the capital of Mongolia. She and her family live together in a house with a fence. Her daughter works as a glass washer for the APU Company, while her son-in-law is a driver at the local police department. Her grandchildren both are in kindergarten.

Oyun operates a grocery trading business in the city. She started her business in 1998 in a small shop and has since built a stable operation. For the future, she plans to expand her business and open her own grocery store. Oyun is requesting a 1000000 MNT loan to purchase more products in order to expand her product line for her small food shop.

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
  • 1,232.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Oyun to purchase more products to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 17, 2010
Jan 4, 2011
Currency Exchange Loss:
Nov 19, 2011