Oyuntsetseg is 54 years old and lives with her husband in a house in Dornod province, Mongolia.
She manages a vegetable and fruit trading business with the help of her husband. She started her business at a rented booth at a local market in 1995. Since then her business has been quite successful, which allowed her to make her booth into small store. She is planning to expand and continue her business in the future.
She is a polite and friendly woman who attributes her business success to her good accounting skill. She is requesting a 3,000,000 MNT loan to purchase an abundant amount of vegetables and fruits in order to increase her business sales.
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.