Amarzaya G., age 29, lives with her husband and six-year-old daughter in Tuv, the central province of Mongolia. They live together in a ger (traditional Mongolian tent home) on a small plot of land. Her daughter attends a local primary school. Her husband is a builder, but currently helps out Amarzaya's business by transporting meats from the countryside using his truck.
Amarzaya operates a meat trading business in a rented stall at Bayanhaan market, the one of local markets in the city. She has been operating this business for the last six years and has become quite a successful businesswoman. She purchases meat at wholesale prices from the countryside. Over the years, she has gained not only much experience but also a wide customer base.
Amarzaya is a modest, generous and hardworking woman. She hopes to expand her business and improve her living conditions by building a new winter house for her family in the future. She is requesting a 1,500,000 MNT loan to purchase and preserve a large amount of meat at wholesale prices for her business.
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.