Bathorol G. is a 39-year-old woman who lives with her husband and two daughters in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a traditional nomadic housing tent. With the help of her family, Bathorol currently operates a meat trading business. She purchases meat in bulk and resells it from a rented stall at retail prices in Han Talst, one of the biggest markets in her town. Bathorol started her meat trading business in 2000. She has been operating there for 10 years and has gained much knowledge and experience, which makes her a good supplier to her customers. Bathorol is a tidy, creative, and hard-working woman who wishes to expand her business into a small food store with her earnings. She is requesting a 2,000,000 MNT loan to purchase more meat and meat products 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.