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Oyunbileg is 44 years old and lives with her husband and two kids in a ger (a Mongolian yurt) in Bayanhongor province of Mongolia. Her husband helps with her business and her children are school students. She started her business by planting vegetables. Now she sells the vegetables by renting a counter in the market. However, she doesn't have enough different vegetables to sell. She is a sharp and hardworking woman who says, "I grow only potatoes and carrots however they are not enough to sell in the market". She is requesting 600,000 MNT to purchase a variety of seeds to widen the range of products she has to sell.

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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Oyunbileg to purchase more seeds.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 14, 2011
Oct 31, 2011
Currency Exchange Loss:
May 17, 2013