Norjmaa lives with her three children and husband in a yurt-like Mongolian nomadic dwelling called a "ger" in the Chigeltei district of Ulaanbaatar, Mongolia. Her husband helps her with her business and her three children attend university and high school.
Norjmaa is a salesperson. She started her business in 2000 in the Huchit Shonhor Market, one of the biggest local markets. She also has a little shop near her home that is managed by her children. Her husband is also very good at making wooden products, thus adding profits to their family earnings. She also buys animal fat in enormous amounts and makes cooking oils.
She truly wants to increase her business profits and to contribute them for her children's future. Her dream is to make her counter bigger and redesign and repair their home to be more comfortable for all of the family members. She is requesting a 1, 000,000 tugrug ($725 USD) loan to purchase more products to sell and to repair her home.
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.