Oyunbileg N. is 26 years old and lives with her husband and mother in Bayanhongor province, central Mongolia. They live in their own ger, a traditional nomadic housing tent.
Oyunbileg operates a noodle-making shop with the help of her husband. She and her husband began the business in 2007 after purchasing noodle-producing equipment with 1,500,000 MNT. Since then, they have been operating their business sustainably and actively.
The two would like to keep growing their business and be able to increase production types so that this business will be popular among their customers. Oyunbileg is requesting a 2,500,000 MNT loan in order to purchase equipment and more flour used in the production of noodles.
Oyunbileg hopes to create her own noodle factory in her town in the future.
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.