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Oyunsuren is 59 years old and lives with her son and grandson in a ger (a Mongolian yurt) in Uvurhangai province, Mongolia. Oyunsuren operates a shoe-making business. She started her business in 2010 by taking training from Mercy Corp. Since then, her business has been going so well that she can't meet her customers' demands. She is therefore requesting a 1,000,000 MNT loan to buy supplies and tools. Oyunsuren is a hardworking and diligent woman who says, "My father used to make shoes. When he was alive, I wasn't old enough to pick up his skills. Now that I have, I'm really glad".

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 $800 helped Oyunsuren to buy supplies and tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 15, 2011
Nov 22, 2011
Currency Exchange Loss:
Nov 15, 2012