Oyuntsetseg is a 27-year-old woman who lives with her husband and a daughter in Bulgan province in Central Mongolia. Her husband is employed and her daughter is 4 years old.
Oyuntsetseg started a garment retail business in 2010 at the all mart center. She brings the supplies from China where she gets them at wholesale prices. Her business activities are normal and she is improving her household with the income. Oyuntsetseg is a diligent woman who says, "I would like to expand the business activity by purchasing garments in large quantities, saving the expenses of transportation." The total amount she is requesting is 1,800,000 MNT to buy more garments.
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.