Oyun is 50 years old and lives with her son in Tuv province, Mongolia. She and her son live together in their own apartment. Oyun's son goes to a local secondary school. They have been living in their current home for 13 years. Since 2006, Oyun has run a children's play center with many kinds of toys. Originally, Oyun was a kindergarten teacher between 1982 and 2006. She has been renting space for the business, and plans to purchase her own workplace in the future. With her business profits, Oyun has been providing for her family's expenses.
Oyun is a very hard working and honest person. She is focused on the future and says, “I would like to create my own private kindergarten in the future. My son will graduate from secondary school this year, and I have to be financially ready to pay for my son's university tuition fees. I want my children to get a good education.” Oyun is requesting a 2,000,000 tugrug loan to purchase a variety of products for her business.
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.