Oyunnomin is 39 years old and lives with her husband and 2 daughters in Tuv province of Central Mongolia. Her husband is unemployed but helps her with the business. The daughters study at the local schools. She has been running a meat retailing business for 7 years at the shop counter. During that period, she made many regular customers. The sales have been growing over the last 4 years. Therefore she decided to open her own meat shop and getting the supplies in large quantities. She has already prepared the shop building with her finances. She is a clever woman who says that "I would like to extend my business activities by opening my new shop, and purchasing large quantities at discounted prices". The total amount she is requesting is 4,000,000 MNT for the meat supplies.
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.