Oyunbileg is 47 years old and lives with her husband and son in a ger(mongolian yurt) in Uvurhangai province, Mongolia. Her husband is a chauffeur, her son (who lives with her) is a school student and her other three children are employed and live independently.
She started her foodcourt business in 2010 by renting a space in the market. Now that her kids are grown, she wants to expand her business by purchasing equipment worth 500,000 MNT. She is a sharp and hardworking woman who says, "I had no chance to expand my business when my children were young and I had to support them. Now that they are grown and independent, I will concentrate on my 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.