Oyunzul T. is 36 years old, married, and has three children, all of whom attend school. Her husband is a taxi driver. They live in a ger, Mongolian yurt, in Govi-Altai province, Mongolia. Oyunzul manages a clothing trading business at her older sister's booth at a trading center. She started her business in 2007. In order to supplement her family earning, she began a porcelain trading business in 2009. She also offers barter trading for her customers. She is planning to have her own booth in the future. She is a patient and diligent woman who says, "One will succeed if she has a big dream." She is requesting a loan for 1,500,000 MNT, which she will use to purchase more inventory 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.