Besides selling meat through the stall, she also provides a few restaurants and cafes with their daily meat needs. Her youngest son Bat-Erdene is a university student. After his classes he helps his mother's retail business. With the profit, Badamhand pays her youngest son's university tuition and she also invested in her eldest son Batbold's grocery store business. Since her business inventory has decreased she is requesting a loan to increase the 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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