Sandalhan U. is 44 years old and lives with her husband and three children in Bayan-Ulgiy province of western Mongolia in a ger- a traditional nomadic housing tent. Two of her children are students in Ulaanbaatar, the capital city of Mongolia. Sandalhan works as a cleaner in Tirlik- the biggest market of the province. Her husband manages his clothing retailing business at the same market. Their net income reaches 320,000 per month. The two sell a variety of different clothing items. They began their business in 2006 with the loan of 500,000 MNT. This product expansion has proven to be a very profitable decision in that they were enabled to pay their children's tuition fees.
Sandalhan is a modest and hardworking woman. For the future, she says, "My husband and I are working for our children and having them become good people in the future. We hope to see one day their care after graduating the universities". Sandalhan is requesting a 1,000,000 MNT loan to purchase more clothing items from Tashkent- a border city of China, 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.