Byambasuren S., 40, is married and lives with her husband and two daughters in Uvurhangai province of Mongolia. They live in a house and both of her daughters attend local secondary school.
Her husband works with her to operate her animal rawhides trading business, which she started in 2000. They own a car that they use to collect raw materials from the countryside and at the local market.
She is a hardworking and modest person who says that she wants to make more profit and buy a new car to use for her business. She is requesting a loan of 3,000,000 MNT to buy more animal rawhides and increase her working capital.
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.