Barshagul, is 42 years old and lives with her husband and five children in Bayn-Ulgii province in western Mongolia. She and her family live together in a 'ger', a traditional nomadic tent home. Barshagul has operated a meat trading business in her town since 1990 and has steadily expanded her business over the years. She purchases meat wholesale from herders in the surrounding countryside and resells to her customers. People in her province typically prepare meat for the winter during October and November. One family will consume up to one ox and ten sheep through the course of the winter which will last them through March.
As meat stocks are currently low, Barshagul's business is starting to pick up for the summer. Barshagul is a very hard-working person and has many plans for the future. She says, “I am working hard to support my children's future.” She is requesting a 300,000 MNT loan to purchase meat at wholesale prices.
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.