Oyun-Erdene is 35 years old and lives with her husband and two daughters in Arhangai province, Mongolia. She and her family live together in a 'ger', the traditional Mongolian nomadic housing tent. Oyun-Erdene operates a meat-trading business in her town. She started her business in 2000 with a working capital of (~ 650 USD). After years of successful operations she has managed to increase her working capital to more than 4,500,000 tugrugs (~ 3251 USD).
Oyun-Erdene purchases meat at wholesale prices in the 'soums' of Bulgan and Tsenher, and resells it for a profit. Over the years, she has gained much experience and built up a loyal customer base. Oyun-Erdene is an honest person who has good communication skills. She is requesting a 4,000,000 tugrug loan to purchase more meat 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.