Anhtuya B. is 37 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She and her family live together in a traditional Mongolian nomadic housing tent called a ger. Her two children attend a local secondary school.
Currently, Anhtuya operates a meat trading business with her husband at Huchit Shonhor, the most popular food market in Mongolia. She has been operating this business since 2000 and has expanded her business with a loyal customer base. Recently, in 2009, Anhtuya and her husband purchased their own plot of land. They have been planning to build a house with a yard on their own land. Anhtuya is a very hardworking person. She is requesting a 2,000,000 tugrug loan to increase her working capital and to purchase timbers for a yard that will be built on her land.
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.