Bahitgul H., age 23, operates a fruit and vegetable trading business at a market called Tirlik. She started operating a meat trading business with her mother in 2004, and since that time Bahitgul has been working in the fruit and vegetable trading business. She purchases her products both from Ulaanbaatar, Mongolia's capital city, and Taikeshken, a Chinese border town. She buys her wares at wholesale prices and resells them from her rented sales counter.
Currently, her working capital is 2,000,000 MNT. She purchases and preserves large amounts of fruits and vegetables and sells them back during the spring months when prices for those products traditionally rise. She is a very open-minded and hard-working person and is focused on the future. Bahitgul says, “All I want is to continue operating my busiess and help my parents.” She is requesting a 3,500,000 MNT loan to purchase a variety of fruit and vegetables at wholesale price from Taikeshken and from Ulaanbaatar.
Bahitgul lives with her parents and sibling in Bayn-Ulgiy province, Mongolia. Her father is retired and her mother operates a meat trading business at the Tirlik market. Her sibling attends a local kindergarten.
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.