Batdulam's husband has a small business in local freight transportation. She owns a small truck that is used for transportating various products between local towns. Although she started this transportation business last year, she has done well and her business capital has increased from 80,000 Mongolian tugriks to 200,000 tugriks (US $55 to $139).
Batdulam and her husband say that they would like to see their daughters well educated and they are working hard to make their dreams come true. Batdulam requests a loan to purchase necessary accessories and fuel for the truck in their 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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