Sugarbadam is 45 years old and lives in Dornogobi province, Mongolia. She lives in a ger, a traditional Mongolian tent. She is divorced from her husband and her four children are grown and live and work on their own.
Sugarbadam operates a tourist camp and food cafe in her town. In her tourist camp she hosts both foreign and domestic customers during the peak tourist season in the summer. Her customers are very satisfied and have a relaxing time viewing the natural beauty of Dornogobi province.
Sugarbadam started her tourism business in 2007 by renting a ger from her friend. After operating both her tourism business and her food cafe, she has enabled herself to live a better quality life. For the future, she is planning to expand her tourism business in order to help her children and their families.
Sugarbadam says, “My dream is to open a hotel in my town.” She is requesting a 2,000,000 tugrug loan to purchase new gers for her tourism business. In the photo, Sugarbadam is shown with her daughter.
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.