Handsuren is married and lives with her husband and her youngest son in their own house in a Darhan, the second largest city of Mongolia. Her husband is a truck driver and used to work for a transportation company for 8 years. Handsuren started her meat-selling business in a local market with a starting capital of 2,000- 3,000 MNT in 1995. Her business has grown quickly over the years and she has gained much experience as a businesswoman. Her earnings have enabled her to build a winter house and buy a truck, so that her husband and youngest son could operate their transportation business. Thanks to their business and endless effort, three of her four children have attended University and gotten their degrees. Now they are all married and able to take care of their families by themselves. Handsuren's dream is to open her own grocery store by her house because she thinks that it would be difficult to stand out at the stall all day for an older woman. The members of this family are all hardworking, honest and effective people who could use the bank loans successfully and improved their quality of life and pay the loan back on time. Handsuren is requesting a 2,000,000 MNT to purchase more meat that she could sell and make more money during Tsagaan Sar, Mongolian Traditional New Year. She is eager to expand her business and increase her money to own a grocery store near her house.
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.