Javzandulam J. is 31 years old and lives with her 3 children in Ulaanbaatar, the capital city of Mongolia. All three of her children, two sons and a daughter, currently attend universities.
Javzandulam sells sausage and meat products from a stall at Narantuul, Ulaanbaatar's largest outdoor market. Javzandulam started her business in 2001 and has since found much success. She currently runs the business with the help of her children, who have provided much support since their father passed away. Javzandulam is a very hard-working and responsible businesswoman and hopes to expand her business in the future.
With the profits from her business, she has been able to build a new house for her family and pay for her children's education. Her dream is for her 3 children to become highly educated people. She is requesting a 1,750,000 tugrug loan to purchase supplies and expand 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.