Suvd R. is 30 years old and lives with her husband and three children in Kharhorin, ancient Mongolian empire's capital. She and her family live in a ger, a traditional Mongolian nomadic tent. Her oldest son attends a local secondary school.
Suvd and her husband operate a tourist camp business in their town. Since 2001, Suvd and her husband have worked as translators and guides and have gained a great deal of experience. After years of hard work, they were able to open their own guest house, called Suvd, and provide small tours to show Mongolia's natural beauty to travelers. The couple owns 6 gers in their tour camp where travelers stay and rest. They do not have their own car, so they rent cars to show tourists around.
Suvd is a very hardworking and clever woman. She is requesting a 3,500,000 MNT loan to purchase a car for their business, so that they can transport their customers through the beautiful landscape.
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.