Oyun is a 55-year-old widow who lives with her four children in a house in the Uvurhangai province of Mongolia. Her two eldest children are construction workers, while the youngest one goes to college. With the help of her daughter, Oyun manages a traditional Mongolian clothing business in a rented stall at a trading center. She graduated college as a tailor in 1977 and worked at a public center until 1999, when she started her business. She is one of the most experienced tailors in her town. Now she has many regular customers and 1,200,000 MNT worth of working capital. She makes a variety of traditional Mongolian clothes for all ages. Her products are well-known amongst her customers for their quality and durability. She is a polite and hardworking lady who says, "One must possess a good character in order to have a pleasant life." She is requesting a 1,500,000 MNT loan to purchase materials for her business. She is planning to renew her equipment soon.
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.