Tsendadya G. is 44 years old and lives with her husband, two children and grandchild in Uvurhangai Province of Mongolia. She and her family live in a house with a fence. Her son attends university and her husband works as a manager for the local savings bank.
Tsendadya operates a bakery production business in her town with the help of her daughter. She owns a bakery shop called "Uguuj" and produces a variety of pastries and breads for her local customers. She started her business in 2009 based on her previous experience of working in the different bakery shops in Ulaanbaatar, the capital city of Mongolia.
In 2010, she signed with a government agency to supply meals to the local schools under a lunch program.
After years of operation, she has gained much experience as a business woman. She is requesting a 2,000,000 MNT loan to purchase necessary equipments such as cooker, mixer and materials such as rice, sugar, flour, etc., for her bakery 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.