Horolgarav is 43 years-old and lives with her husband and 19 year-old son in Arhangai province in central Mongolia. Her son currently attends the local high school.
Horolgarav operates a meat selling business in her town with the help of her husband. She offers a variety of locally produced meats to her customers through selling at the local market. Horlgarav started her meat business in 1996 with capital of 200,000 MNT. Her business has found success over the years and she has built a good reputation amongst her customers. Today, her working capital exceeds 2,500,000MNT.
For the future, Horolgarav hopes that she can become a meat wholesaler and that she can sell on a larger scale. She also dreams of one day having her own meat trading shop. She is a hard working and creative woman who is requesting a 2,000,000 MNT loan to purchase more meat 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.