In 2000, after moving from the countryside, she started her business by selling a variety of goods in Narantuul, Ulaanbaatar's largest and main market. After many years of operation, she has built a stable and successful operation. For the future, Ulziiburen plans to have her own grocery shop. A modest and open-minded person who says, “All I want is to have our own apartment where my family can live in a comfortable space, ” she is requesting a 3,000,000 MNT loan in order to purchase more dairy products and fruits to sell at her stall for profit.
About XacBankThis 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.
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Success!! The loan was 100% repaid