Bayardulam B. is 43 years old and lives with her two daughters in Uvs province, western Mongolia. She and her family live in a 'ger', a traditional Mongolian nomadic housing tent. Bayardulam operates a transport service in her town. She uses a car to transport people back and forth around her town.
Bayardulam started her transportation business in 2008 after purchasing her car. She has found success with her business and has gained much experience as a driver over the years.
Bayardulam is a very honest and hard-working person. For the future she hopes to continue to provide a high-quality, convenient and efficient transportation service. She is requesting a 400,000 MNT loan to purchase new parts for her car in order to increase her earnings so she will be able to afford her daughters' tuition fees.
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.