Sandagsuren R. is 47 years old and lives with her husband and three children in Tuv province in central Mongolia. She and her daughter live in a house and enclosure. Her oldest son works as a teacher, her younger two children both attend university and her husband is a herder. Sandagsuren operates a meat trading business in her town. She sells a variety of meats to her customers in a rented stall at the local market. Tsevelmaa started her business in 2002 and has since gained a lot of experience as a businesswoman. Her business currently operates at a stable level and her earnings have enabled her to not only pay her children's tuition fees but also to provide for her family. She is requesting a 2,500,000 MNT loan to purchase and preserve more meat in order to increase her sales so that she can continue to afford paying her children's tuition fees.
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.