Byambanorov, 37, lives with her husband and two children in Ulaanbaatar, the capital of Mongolia. Her daughter attends a local secondary school and her son goes to kindergarten. They live in a ger, a Mongolian nomadic housing tent, in someone's backyard on the outskirts of the city.
Byambanorov sells meat at a local market, and started her business in 2006. Her business was running successfully until their house burnt down in 2009. Her family's living standard is now below average because of that unfortunate fire, however they are trying very hard to rebuild their lives. Byambanorov is a very hardworking and active person whose family needs a house on their own land. She is requesting a loan of 3,500,000 Mongolian tugriks (MNT) to purchase more meat for her business during the busy time of Tsagaan Sar, the Mongolian traditional New Year.
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.