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Mrs. Oyunsuren is 45 years old and lives with her husband and son, in a rented house in the Baganuur district of Ulaanbaatar, Mongolia. Her husband, Bat-Ochir, used to run an organic vegetable sales business in a rented counter of a local market.

Borrower has been helping her husband, and now they are planning to start a used clothing sales business in a rented place. Oyunsuren is requesting to borrow 1,500,000 MNT to purchase a large amount of used clothing, to sell to local customers. She and her husband are optimistic and hard-working people.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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 $1,100 helped Oyunsuren to purchase a large amount of used clothing to sell to local customers.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 22, 2013
Currency Exchange Loss:
Feb 17, 2014