Urantuya D. is a 43-year-old widow who lives with her two children in Hovd province in western Mongolia. Her two children both attend university. She has been managing a dental clinic since 1990. She usually produces dentures for a price of 10,000-80,000 MNT per tooth. She has gained many years of work experience. She travels to the sub-provinces once a month to get customers' requests and to deliver dentures. Traveling through neighboring sub-provinces is very profitable as the service she provides is very rare. She has a good moral character. Urantuya is requesting a 3,000,000 MNT loan to fund traveling to more sub-provinces to provide dental services for her customers.
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.