Tsogzolmaa B. is 45 years-old and lives with her husband and three children in Zavhan province, Mongolia, in an apartment. Her youngest daughter, Naranzul, attends university. Her two sons have graduated from their university and are working. When Tsogzolmaa's sons have spare time they help with their parent's businesses.
Tsogzolmaa's husband, Sandagdorj, operates a transportation business. Since 2002, Tsogzolmaa has operated a cafe and she has steadily expanded her business and built a loyal customer base over the past eight years. Since she started her business, her family's living condition has improved.
Tsogzolmaa is a very enthusiastic person who has been working hard to provide a better life for her family. She is requesting a 2,500,000 tugrug (~ 1800 USD) loan to purchase food products to resell to the local residents of her area.
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.