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Oyunerdene is 34 years old and lives with her husband and two kids in Ger, Mongolian yurt in the Bayanhongor province of Mongolia. Her husband works at a construction site and her kids are school students. She started her tailoring business in 2009 with her friend. Mostly, she sews traditional clothes (deel). Now that her customers are increasing, she needs to buy a more powerful and fast sewing machine. She is a strong and diligent woman who says, "My business is expanding and I want to keep up with it". She is requesting 1,000,000 MNT to buy a sewing machine.

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
  • 1,275.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Oyunerdene to buy a sewing machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 10, 2011
Oct 27, 2011
Currency Exchange Loss:
Jul 17, 2012