Oyunmaa is a 28-year-old woman who lives with her mother and 2 siblings in a suburban area of Ulaanbaatar city, Mongolia. Her mother is unemployed and her siblings study at school. She started a food kiosk business in 2011 in a well-positioned corner. As the business became famous locally, she is planning to increase the types of products. Oyunmaa is a hardworking and active young woman who says, "I would like to expand the business activities by increasing the product types. I have a further plan to open my own store". The total amount she is requesting is 500,000 MNT to buy food 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.