Oyun is 32 years old and lives with her parents and her sister in Ulaanbaatar city, Mongolia. She started her health and beauty products retailing shop in early 2011.
Even though she's fairly new to the business, Oyun's shop location is excellent and she has a vast knowledge in her field, given that she gained a professional certificate in China. Therefore, her products are highly qualified and imported from China. Now that her product demand is increasing, she needs to buy more supplies. She is a sharp and hardworking woman who says, "Now that my business is picking up, I can finally pay for my sister's college tuition fee". She is requesting 3,000,000 MNT to buy more 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.