Oyuntsetseg is 48 years old and lives with her three kids in a ger (Mongolian yurt/ nomadic tent) in Western Mongolia. Her older kid is employed and the younger two are college students. She operates a meat trading business. She started her business in 1995 with her late husband. Since her husband died, she has been handling the business on her own. Over the years she gained many regular customers and trusted suppliers. Now that the Mongolian holiday season is approaching, she needs additional supplies in order to meet the demand. She is a sharp and hardworking woman who says, "Now that my two kids are in college, I need to work even harder". She is requesting 2,000,000 MNT to buy more meat.
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.