Javzandulam J. is 36 years old. She lives with her husband and two children in Uvurhangai province, Mongolia. The family live in their own house on their own fenced lot. Both of her two daughters attend a local school.
Javzandulam and her husband operate a meat trading business in their town. They started this business in 1996 in Zanabazar market in their town. Since 2007, they have been traveling to the countrysides to sell their meat. For delivery, they are using own car. Javzandulam hopes to continue her success, and for the future wants to buy new car for her meat business.
Javzandulam is a responsible and hardworking woman. She needs more funds to buy a large amount of meat at whole sale price. She is requesting a 2,000,000 MNT loan to purchase more meat to sell.
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.