Urnuhbileg G. is 32 years old and lives with her big family in Hovd province in western Mongolia. Her family enjoys a comfortable lifestyle and they all are in good health. Her elder two children attend a local middle school, the middle son goes to a kindergarten, the youngest one is too little and stays at home under the care of her mother. Her husband works as a security guard for a local security company. She and her family has lived in the province for 6 years. Urnuhbileg operates a taxi service in her area. Since starting in 2008, she has made much progress with her business which has improved her family's life. She is optimistic about her future and hopes to work with her husband to expand her transportation business to an adjoining province. Urnuhbileg is an open-minded and kind woman who remains optimistic about achieving her goals. She is requesting a 2,800,000 MNT loan to purchase a motor, tires, and other parts for her transport car.
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.