Tuya is married and lives with her husband and two children in Darhan, Mongolia's second largest city. Her husband works in repairs at the train station and supports his family. Their children go to a local secondary school.
Tuya operates a grocery trading business. She had worked as a salesperson at a local supermarket for 10 years before she started her grocery trading business at the largest trading center in her town in 2008. After a while, she moved her stall to a more crowded spot, where her sales have increased a lot. When she started operating her business, her working capital was 1,500,000 MNT and after 2 years of successful operations she has managed to increase her working capital to a level exceeding over 3,000,000 MNT.
Since she has a stall with a very good location, she wants to continue her grocery trading business. Therefore, Tuya is requesting a 3,000,000 MNT loan to expand her business and increase the inventory of the grocery to sell during the Tsagaan Sar, Lunar year celebration of Mongolians. She says "Once I have my own stall, there're not much difficulties in running such business. More goods will bring more income".
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.