Bayambasuren is 59 years old and lives with her daughter in Arhangai province, Mongolia. They live in a Mongolian traditional tent called “ger.” She operates a door-to-door meal business in her town. She makes and sells between 20 and 30 meals per day. She started her business in 2006 and has made much progress over the years. Even though she has been in operation for a short period of time, she is well known amongst her customers and she is planning to expand her business further.
For the future, she is planning to have her own food cafe in her town. She is a very hardworking businesswoman with a good personality. She says, "I am working hard to improve my children's quality of life." She is requesting a 400,000 tugrug loan to purchase food items in order to widen the selection of meals that she sells.
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.