Altantsetseg J. is 49 years old and lives with her husband and two sons in the Songinohairhan district of Ulaanbaatar, the capital city of Mongolia. She and her family live together in their own apartment. Her younger son attends high school and her husband operates a taxi service, using his own car, to supplement the family income.
Altantsetseg operates a car-repair and service business with three other business partners. She began her business in 1998, repairing a variety of cars' bodies in the local market, and has since gained significant experience as a wheelwright.
Today, she and her business partners work together in their shop to provide a car-repair service to their customers. Their daily business income has reached 100000 MNT. Altantsetseg is responsible for painting the cars' bodies.
For the future, she hopes to continue operating her business with stable operation. She is a very friendly and hard-working woman and says, " I am planning to buy my own car."
She is requesting a 1000000 MNT loan in order to purchase more materials and supplies for her car-repair 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.