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Oyun T. is a married woman who runs a family business with her husband in Baganuur, a little town located 130 km outside the capital. She has two little daughters, both who are in preschool. Her husband's name is Sainbileg, and he works as an electrician. In 1999 they opened a little repairing business and began fixing electronics. Sainbileg has many repeat clients who come to get their electronics fixed. He fixes vehicle electronics, TVs, radios, cellular phones, etc. Oyun usually goes to Ulaanbaatar to collect supplies.

Oyun and Sainbileg's dream is to eventually buy their own office instead of running the business from their home. Sainbileg would like a loan to purchase repairing supplies.

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
  • 1,420.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Oyun to buy electronic supplies for the family business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 5, 2009
Feb 17, 2009
Currency Exchange Loss:
Sep 15, 2009