Batchuluun is 36 years old and lives with her husband and two sons, ages 8 and 7, in Arhangai province, Mongolia. She and her family live together in a ger, a Mongolian nomadic tent. Currently, she operates a cement business with her husband in her home province. They rent a workplace for their business and they have two employees. Previously, she operated a raw materials trading business between 2005-2007, and before that, she operated a grocery store for five years. Batchuluun has gained great business experience in previous years and she has good communication skills. She says, “I am working hard with my husband for my two sons' futures.” She is requesting a 3,500,000-tugrug loan to purchase more cement for her 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.