In 2008, Byambasuren started a catering business. She makes a variety of traditional meals and sells them to a local retailers. Her clients are mostly salesman and woman who have a stalls at the local market. She purchases meat, vegetables, rice, and flour for 20,000 tugrugs (equal to $ 14 USD) every day and makes around 40-50 dishes per day.
She says "I'm getting experiences pretty much. So I'm started thinking to rent a small space at the market and open my own cafe since my clients are like to have a meal i cooked for them".
With this loan, she will buy whole animals for meat for her tiny business, because meat is cheapest during the summer.
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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