Tuyatsetseg is 34 years old and lives with her husband and 5-year-old daughter in the Arhangai province of central Mongolia. The family lives together in their own wooden house. Her daughter attends a local kindergarten, and Tuyatsetseg and her husband both work in the family's businesses.
They began their dairy product retail business in 2008 with working capital of 1,350,000 MNT. In this business, she and her husband would travel across their province and purchase dairy products from producers and sell these products for a profit in their town.
Because of their success with the dairy business, Tuyatsetseg was able to start a taxi service. Her husband operates the dairy business and she operates the taxi service. Because of this couple's hard work and determination, they were able to purchase their current house and yard.
They hope to have continued success in both businesses and will keep working hard in order to improve their family's life. Tuyatsetseg is requesting an 800,000 MNT loan in order to purchase a large amount of dairy products in order to sell during the upcoming Lunar New Year celebrations.
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.