Ariunaa D., 36, lives with her husband and one child in Huvsgul province of Mongolia. She and her family live together in a ger, a traditional Mongolian tent home. Her child attends a university while her husband works in a secondary school as a guard. Ariunaa used to work in the floor industry as a laboratory assistant.
She operates a meat trading business at Baigal-Eej local market. She has operated this business for the last eight years and has become quite a successful businesswoman. She has used her business earnings to cover her household's expenditures and to improve the quality of her family's lives. Her earnings also have enabled her to pay her child's tuition fees.
Ariunaa is an open-minded, generous and hardworking woman. She is requesting a 2,000,000 MNT loan to buy more meat to increase her working capital.
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.