Battulga B. is 49 years old and lives with her husband and two children in their own house with fence in the Uvurhangai province in central Mongolia. The family has been living in their current home for the past nine years.
Her husband works in the 256th squad as a soldier and her two children both attend a local school. Since 2004, she has been operating a business trading dairy products, milk and groceries in a rented stall at the local market. During the summertime, she sells mare's milk (fermented milk) and has been quite experienced in the trade over the many years.
She hopes to continue to operate her business as a stable operation and in the future, she dreams to establish her own dairy-product processing factory.
Battulga is requesting a 1,500,000 Mongolian tugriks loan to purchase dairy products and other goods at wholesale prices for her trading business. Also, she wants to grow her milk-products 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.