Batjargal L. is 47 years old and lives with her husband and children in Uvurhangai province in central Mongolia. She and her family live together in a 'ger'--a traditional housing tent. Her elder son is a student, while the two daughters attend a local middle school.
Batjargal operates a food selling business out of her own small space at the local market. In 2004 she began her consumer goods retailing business and over the years she has worked hard to build a stable business operation and has gained much experience.
During the summertime, she sells a variety of dairy products and ice-cream. Her business is very important to her and her family. She says, "I really want to expand my business in order to improve my quality of life and am trying my best to achieve that goal. Plus, my only wish is to provide a good education for my children and to help them become good people."
Batjargal is a modest and very hard-working woman. She is requesting a 1,500,000 MNT loan to purchase more dairy products to sell in the 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.