Hishgee S. is a 59-year-old who lives with her husband and one son in the Hovd province of Mongolia. She and her family live together in a "ger," a traditional Mongolian nomadic tent. Her youngest son attends university in Ulaanbaatar, Mongolia's capital city. All of her other children currently live on their own, apart from their parents.
Hishgee operates a raw material business in her town where she sells sheep and goat skins. Her husband, Dambii, operates a small shop next to his home. In addition, he also plants and grows a variety of vegetables in his yard to sell at a local market for profits.
Hishgee started her own business by selling a variety of meat in 2005 and the last few years, she has been running her current business. She and her husband work hard to be able to provide a new house for their youngest son.
Hishgee is a very hardworking old woman and is requesting a 2,100,000 Mongolian tugriks loan so that she can not only purchase sheep and goat skins at a wholesale price for resale, but also buy inventory for their small shop.
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.