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Mrs Oyuntogtoh is 37 years old and lives with her husband and five children in Ger in the Arhangai province of Mongolia.

Her husband, Mendbayar, aged 42 works at a local company. Her sons, Bahimbor, aged 16 and Borbandi, aged 15 study at the local secondary school and her daughters, Ariungua, aged five and Anungua, aged one go to the local kindergarten.

The borrower has been running her tailoring service at home since 2003. She has just started her organic vegetable and fruit retail business at a rental counter of a local retail street.

She is now requesting 1,300,000 MNT to purchase large amounts of organic vegetables and fruits to sell at her counter. She is a hardworking, enthusiastic and well-behaved woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Oyuntogtoh to purchase large amounts of organic vegetables and fruits to sell at her counter.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Feb 4, 2013
Mar 8, 2013
Currency Exchange Loss:
Oct 17, 2014