Tsend-Ayush is a 45-year-old single mother who lives with her two children in Hovd province, Mongolia. They live together in a ger, which is a traditional Mongolian nomadic housing tent. Her two children, a son and a daughter, both attend a local secondary school.
Tsend-Ayush operates a consumer goods trading business out of a shipping container at a local market. She sells a variety of household items to the residents of her neighborhood. She started her business in 2005 after managing a second-hand goods trading business for several years. She has since grown her business into a stable operation and has found success operating near her home.
For the future, Tsend-Ayush hopes to save enough money for her children's education. She is a very hardworking woman and attributes her success to her good accounting skills. She is focused on the future and says, “I want to provide my children with a happy life.”
Tsend-Ayush is requesting a 2,160,000 tugrug loan to purchase goods to sell in 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.