Oyuntuya D., age 41, lives in a traditional housing tent called a 'ger' with her family in Zavhan province, western Mongolia. She has been operating a felt manufacture business since 1995 as well as paying for four people. Her business is sustainable now. Regarding her family's attendance and help, the quality of her life has been increasing.
Oyuntuya is modest and energetic. She wants to create her own workplace. She is requesting a 2,000,000 MNT loan to purchase wool-scribbling machine and construction materials for a workplace.
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.