Oyuntsetseg S. is a 38-year-old woman who lives with her husband and five children in a ger, a Mongolian traditional nomadic housing tent, in Uvs province, Mongolia.
Her four sons go to a local secondary school while the only daughter stays home.
Her husband is a herder.
Oyuntsetseg owns a grocery trading business in her town. She sells many kinds of grocery items such as vegetables, drinks, candies and some dairy products as well. She has been managing her business for 10 years and has gained much experience. Now her monthly net profit is 150,000 to 200,000 MNT.
As a result of her successful business operation she had been able to buy a car and some livestock for her husband.
She is a polite woman who says, "I want to have my own house in the future."
She is requesting a 1,000,000 MNT loan to purchase garlic, potatoes and some other grocery items 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.