Bayarmaa lives with her husband and four children in the Tuv province of Mongolia. She and her family live together in their own house with a fence. Her husband and oldest son currently work as private businessmen in Ulaanbaatar, the capital city of Mongolia. Her daughter is a university student and her youngest two twin sons both attend a local high school. Bayarmaa operates two kinds of seasonal businesses, a shoe making and a construction business, to support her family. She started her construction business in 2001 and has managed it successfully over the years. Her three sons started to help with her construction business in 2005. She usually operates her construction business during summer months while in winter months she runs her shoe making business, which is very profitable as well. After many years of operation she has gained a lot of experience in both businesses and has built a stable operation in her community with many loyal customers. With her business earnings, she was able to build a 2 floor apartment which hasn't been fully completed yet. In addition, Bayarmaa works as a guard for the local company with a monthly salary of 120,000 MNT to supplement her earnings. She is a clever and hardworking person and is requesting a 3,000,000 MNT loan in order to increase her working capital for both businesses.
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.