Z. Bulgantamir, 44, is a single mother who has twin girls aged 11. Both her children are attending a local elementary school.
In 1999 Bulgantamir started running a retail business selling sheep, goat and cow organs at the local butcher shop. Her two friends have helped her very much to start the business. As a result of Bulgantamir's 10 years of hard work, her inventory has increased from 400,000 tugrugs to 4,000,000 tugrugs (1 USD=1450 MNT).
During the last few years, Bulgantamir has been purchasing whole animal carcasses at wholesale prices then cutting them up to resell at retail prices. With the profit, she bought a plot of land four years ago. Last year she built a small house on the plot of land she owns.
During the interview, Bulgantamir said that "I'm working hard for my daughters' future prospects. My hope is to let them enroll in university and provide financial support for them to pay their tuition."
With this loan, Bulgantamir will buy whole animal carcasses 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.