Saijirmaa is 39 years old and lives with her husband and two sons in a house in Arkhangai province, Mongolia. Her sons, 14 and 12, both attend a local high school while her husband helps with the family business when he isn't driving his taxi. Saijirmaa operates a dairy products retail business out of a rented stall at a local market. She started her business in 2001 with working capital of 50,000 tugrugs (~35 USD). Since then she has stabilized her business and bought a car with her earnings in order to help her husband to start a taxi service. Now her working capital reached 2,000,000 tugrugs (~1400 USD). She is quite an energetic lady who works hard to achieve her goals. She says, "I want to continue to maintain my business in the future." She is requesting a 1,800,000-tugrug loan to purchase variety of dairy products for 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.