Oyun is a 48-year-old woman who lives with her husband and two children in Arhangai province in Central Mongolia. Her husband is employed and her children study at the local secondary school. She used to sell dairy products and now she sells ice cream and mobile phone unit cards. The shop counter is located in the central hospital in the town. Her husband brings the supplies from the city and she sells them. The business activity has been normal and profitable. Oyun is a good-natured woman who says, "I would like to expand the business activity by buying a freezer for the ice cream. I plan to sell more to the school children so that I could raise the income". The total amount she is requesting is 1,500,000 MNT to buy a freezer and more ice cream from Ulaanbaatar.
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.