Oyungerel lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. Her son attends university while her husband is employed as a carpenter in a flour factory. Oyungerel and her family live together in their own little house.
Oyungerel owns and operates a clothing business where she makes both European and Mongolian clothing. She started her clothing business in 2007 and, because the clothing has been so popular, has been able to hire two assistants. She would someday like to open her own store for her clothing. Oyungerel is requesting a 3,000,000 Tugrug (~2,100 USD) loan to purchase more fabrics and materials in order to expand her product range and attract new customers.
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.