Bat-Undrah is 29 years old and lives with her husband, son and daughter in the Baganuur district of Ulaanbaatar, the capital city of Mongolia. She and her family live together in a small house. Bat-Undrah's husband is a carpenter by trade and works in housing construction.
Presently, Bat-Undrah operates a small cafe in the city. She started her business in October 2009 with one employee. Bat-Undrah previously worked as a cook at another popular cafe for a year and gained experience in her trade. In just a short time she has made much progress with her business and attributes her success to her cafe's good location.
Bat-Undrah is a very hardworking person and has good business sense. She is already making plans to expand her cafe by improving the quality and taste of her food, as well as adding more tables and chairs to accommodate her many new customers. She says “I would like grow my earnings so that I can purchase my workspace.”
Bat-Undrah is requesting a 1,200,000 tugrug loan to purchase a freezer, a display refrigerator, and a stove for her cafe. She also hopes to use some of the funds to purchase meat before prices go up.
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.