Altantuya L. is a 45-year-old single parent. She lives with her two adult children in a ger, a traditional Mongolian nomadic tent with fence, in the Songinohairhan district of Ulaanbaatar, the capital city of Mongolia.
Her youngest daughter attends university while her oldest son helps with her business. Her husband passed away two years ago. Since 2000, Altantuya has been operating a public-transport service with help of her husband, using their own minibus within the city, but in 2008 her husband passed away and her son started to help her by working as a driver of their micro-bus.
After many years of owning this business, she has gained much experience and has built a stable operation. For the future, Altantuya hopes to continue to grow her business and plans to build a house in her yard after her daughter's health gets better. She is a modest and honest woman.
Her daughter is under very bad health conditions and therefore, Altantuya is requesting a 2,000,000 Mongolian tugriks loan to pay her daughter's medical treatment cost.
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.