Purevsuren is 42 year-old widowed mother who lives with her two children, ages 17 and 13, in the S. district of Ulaanbaatar, the capital city of Mongolia. She and her family live together in a house with a fence. Her oldest daughter attends a construction college while her youngest son attends a secondary school.
Her husband passed away and she supports her two children by operating a mobile meal selling business. She cooks a variety of meals and foods in a rented space and delivers these hot meals to the markets and office buildings according to her customers' orders. She started her business in 2007 and has since built a stable operation. She has hired an additional worker for her cafe.
Purevsuren says, "all I want to do is provide a higher education for my two children." For the future, she plans to open her own cafe. She is requesting a 3,000,000 MNT loan to add to her working capital and to purchase and preserve a large amount of meat for her meal making 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.