Bertsetseg is 34 years old and lives with her husband and two children in Uvs province, Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. Her two children attend a local secondary school, and her husband is a herder, who has a few head of livestock, as well as operating a transportation business. Bertsetseg and her family have been living together in their current home for seven years.
Bertsetseg operates a food product trading business at a local market, and she purchases the products from Ulaanbaatar, the capital city of Mongolia, at wholesale prices and resells them for a profit. She has been operating business since 2005 from a 5 ton shipping container at a local market. Bertsetseg has been planning to open own food store in the future. She has a good communication skills and she is a very hard working person. She has many plans on the future and says, “I would like to save money for my children's education fees. In addition, my dream is to build our own garage at our land and to build our own house for my family. ” She is requesting a 3,500,000 tugrug (~ 2465 USD) loan to purchase food products including biscuits, noodles, sugar and beverages for her food trading business.
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.