In 2005, she started running a retail business selling food products at the local market. She has been renting a stall and purchases a variety of food products such as bread, cookies and candies from Ulaanbaatar, the capital city. Nergui goes to Ulaanbaatar once or twice in every month for her business since food product purchase is cheap and UB city is located 450 kilometres away from the Uvurhangay province.
Her husband Choidorj is a constructor. Choidorj helps his spouse by going to UB city to purchase food products sometimes, when he has time. Nergui's eldest daughter Maidarsuren, 15, also helps her mother's business. Nergui requests a loan to purchase more food products 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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