Javzandolgor T. is 38 years old and lives with her husband and son in Bayanhongor province of Mongolia. She and her family live together in a ger, which is a traditional Mongolian nomadic housing tent. Her husband has a car which is used as a taxi. Their monthly net profit is approximately 900,000 MNT. She has a chronic back disease and receives an allowance of 54,000 MNT every month. Her son works in the military forces.
Javzandolgor used to work at "Eastern Light" company as a cook from 2001 to 2010. She was able to build her own home because of the success she achieved by running her consumer goods trading business. She started to operate a cafe at a local market in June, 2010. Also she opened and runs a pavilion at a trade center where she sells consumer goods and clothes. She has many future plans such as expanding her clothes shop to attract more customers and doing renovations at her house and so on. She hopes to have more big shops where she sells goods that customers demand.
Javzandolgor would like to expand her product offerings and is therefore requesting a 2,000,000 MNT in order to purchase more clothes to sell.
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.