Batdolgor N. is 38 years old single mother and lives with her father and child in an small apartment in the Bayanzurh district of Ulaanbaatar, a capital city of Mongolia. Her son attends a high school. Batdolgor operates a small grocery trading business in the city. She started her grocery shop in 2008, and has built a stable operation over the years. Her business' earnings have created financial stablilty for her family. Batdolgor hopes to expand her shop into more bigger grocery shop in the future. She has a car leasing loan which is still paid of her loan. Currently she is planning to pay off her all loan and obtain an apartment leasing loan in the future. She is requesting a 1,500,000 MNT loan to purchase grocery products to sell at her shop in order to increase her working capital.
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.