Oyun is 51 years old and lives with her son in a ger, a traditional Mongolian yurt, in Tuv province in Mongolia. Her son, who is 19 years old, attends college.
Oyun manages a shoe-making business in her town. She started this business in 2010. Before her shoe-making business, she operated a children's play center for 3 years. Now she makes all kinds of Mongolian traditional shoes that have become popular among her customers.
Oyun is a polite woman who says "I want my son to get educated and have a better job in the future." She is requesting a 3,500,000 MNT loan to purchase materials for her business.
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.