Gunjidmaa G. is 44 years old and lives with her father and two children in Har-horin, the capital city of the ancient Mongolian empire. Her father is retired, and her two sons are both university students. She lives with her family in a ger, a traditional Mongolian housing tent.
Gunjidmaa currently operates a meat trading business in her town. Initially she sold her meat only through her stall. But after years of hard work, she now purchases meat and other animal products in bulk from herders in the countryside, and transports it to Ulaanbaatar, the largest city and capital of Mongolia, where she sells it. Gunjidmaa started her meat trading business in 1995 by selling out of a rented stall at the market in her town.
In 2006 Gunjidmaa suffered a major injury which resulted in a stop to operating her business for two years. She restarted her business in 2008 and has built a stable operation. After many years of operation, her earnings have enabled her to not only provide for her entire family, but also pay her two sons' tuition fees.
Gunjidmaa is requesting a 1,700,000 MNT loan to purchase more meat and meat products for her 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.