Norjmaa D. is 40 years old and lives with her three adult children in the Uvurhangai province of Mongolia. She and her family live together in a house with a fence. Two of her children work privately in the construction sector in the summer months, while during wintertime they help in their mother's business. Her youngest daughter attends the university.
Norjmaa operates a meat retail business in the local market in her town. She began this business in 1995 by selling only intestines of livestock. After many years of work, she has built a stable and successful operation and has gained much experience. Norjmaa is a very optimistic, clever and hardworking businesswoman.
She is requesting a 2,200,000 MNT loan in order to purchase and preserve more meat to sell during the upcoming winter months, when prices for meats traditionally rise.
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.