Mandahtuya T. is 48 years old and lives with her son in a traditional housing tent called a 'ger' in Hovd province, western Mongolia. Her daughter is married and another son is working on a road project in Bayan-Ulgii province. During the monitoring, she has been living alone.
Since 1989, she has been working as a retailer and has obtained much experience in this field. Mandahtuya is a reliable client of XacBank with a good loan profile. She is a hard-working woman with a good manner and behavior. She is requesting a 3,000,000 MNT loan to purchase and import food products such as rice, sugar, and flour from China.
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.