Sendenbadam is 58 years old and lives with her husband and two children in Bayanhongor province, Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. Their quality of life is average. She provides vegetables to her family by planting them during the summer. Sendenbadam's son owns and operates a horsecart. Sendenbadam started her water selling business with a horse cart in 1990. Currently, they have been using 9 horse carts for their business, and providing jobs for six people. They will continue this business. Sendenbadam is a very hardworking person and says, “I will constantly operate this business and from the business’ profit I will buy a car for my son.”
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.