Batsuren S., 23, lives with her husband and one child in Suhbaatar province, Mongolia. She and her family live in a ger, a traditional Mongolian nomadic tent. Her husband's sibling owns livestock in the countryside. Batsuren and her family used to live a nomadic lifestyle in the countryside herding livestock. Her husband is currently unemployed and uses his own van to move his home from place to place. They currently live in her father's yard. Her three-year-old child is in kindergarten.
Batsuren started her own meat-trading business in 2007 and has gained significant experience. She is now planning to operate a clothing retail business. In the future she hopes to have her own business and improve her family's standard of living. She is requesting a 1500000 MNT loan to import clothing from China in order to start her clothing retail 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.