Munh-Ochir has a small business selling a variety of small goods. She rents a small stall at the Narantuul market, the largest outdoor market in Ulaanbaatar, and sells various convenience products, including toilet paper, hygienic tissues, Scotch tape, batteries, etc. She has been a saleswoman at the market since 2000 and has gained significant experience in small retail. She mostly purchases the products from Ereen, China, a border town where many of cheap Chinese products are imported from. She dreams of owning a small nice house for her family. She says that it would be nice to live with her family in a comfortable house, especially during the cold winter.
She requests a loan to purchase more products for this business.
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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