Batgerel, 35, is married and lives with her husband and three children in Bayanhongor province, Mongolia. Her older daughter and son attend a local school. Batgerel began her business by growing and then selling vegetables at a local market in 2003. In 2008, she and her husband started a taxi business that they operate in the winter time. Batgerel also makes deels, a Mongolian traditional handmade coat, and sells them to people who live in the countryside, far from the market. As a result of their hard work, the family bought a house for 8,000,000 MNT in 2010. Batgerel is a hardworking and active person who says, " I do several things at the same time because I like to keep myself busy. I am planning to operate my handmade clothing business." She is requesting a loan of 1,000,000 MNT to buy more materials to make deels.
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.