Oyun, 57, is married and lives with her husband and a son in Uvs province of Mongolia. Her husband is retired and her son attends a college.
Her husband helps her with the business. They make gers, Mongolian nomadic housing tents, and export them to Russia. They make 400,000 Mongolian tugriks (MNT) profit from each ger. Oyun is a hardwoking and sociable person who says, "We want to expand our business and make gers for our children."
She is requesting a loan of 3,000,000 MNT to purchase felt, wood and other materials 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.