Nergui usually buys livestock such as sheep, goats, and cattle in the spring when prices are low and hires a herder to feed the livestock until the meat prices peak in the fall. She slaughters and sells them wholesale and to individuals in the local market. In the future, she would like to expand her butcher business by raising more livestock. She requests a loan to purchase more livestock for her business.
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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