Ulziisaihan, age 39, lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. She and her family live in a small house which they built themselves with profits from their business. Her husband, Ganzorig, operates a taxi service business.
During the day, Olziisaihan has been operating a fruit and fish trading business at a Narantuul, the biggest market in Mongolia. She sells a variety of fruit, fish, beverages, and candy at her counter.
Olziisaihan has been operating her business since 1998. At the beginning, she sold only fruit. Over the years, she gained experience, and she has expanded her product line. She has good communication skills and is focused on the future. Ulziisaihan tells us, “I am working hard to provide my children with a good education, which will be important for their future lives.”
She is requesting a 600,000 tugrug loan to purchase more fruit and fish 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.