Purevjav is 57 years old and lives with her husband in Bayanzurh district, Ulaanbaatar, the capital city of Mongolia. She and her family live in a Mongolian traditional nomadic tent called a “ger”. Her children are grown up and live on their own. Purevjav operates a grocery booth at National Historic Museum. She sells candies, cookies, hot tea, hot coffee, etc. She started her business after working at a museum until retirement. For the future, she is planning to continue to maintain her business. She says, "I am happy to serve people who come to the museum.” Purevjav is requesting a 3,500,000-tugrug loan to purchase new tables and chairs for her grocery booth.
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.