Ulziisaihan has a small retail business selling fruits and fruit products. She had experience in fruit and fruits products while growing up with her family in Arhanghay province, one of Mongolia's central provinces. She currently rents a small stall and sells fruits and fruit products that she purchases from "Bars" wholesale market in Ulaanbaatar. Her business is the main source of her family’s income.
She hopes to raise her children well and make sure that they receive a good education without financial strain. She requests a loan to purchase more fruits and fruit products from the wholesale market to increase her business inventory.
About XacBankThis 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.
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Success!! The loan was 100% repaid