Tserenmyadag has been operating her grocery store in a rented space since 2009 and has found success with it. She hopes to expand her business, and her dream is to open her own big grocery store. Tserenmyadag is requesting a 2,000,000 MNT loan to purchase more products in order to increase her working capital.
About XacBankThis 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.
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