Legjiimaa started her business in 1992 and has since built a stable operation. Over many years, she has gained much experience in her trade and her earnings have enabled her to greatly improve her family's standard of living. Legjiimaa is a responsible and hardworking person and says, "Since I started to obtain loans from Xac Bank, my family's standard of living has improved; therefore, I really thank Xac Bank for supporting my business." She is requesting an 800,000 MNT loan in order to purchase a large amount of groceries (baked goods) to sell for upcoming big holidays and celebrations.
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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