Yumjirlhan, 40, is married and lives with her husband and two daughters in Uvurhangai province in Mongolia. They live in a ger, a Mongolian nomadic housing tent, on a small plot of land that they have owned for past 10 years. Her husband operates a transportation service business, in which he uses his own car. Both her children attend a local secondary school.
Yumjirlhan started her meat trading business in 2001. She operates from a stall at a local market. She purchases meat or livestock from individuals who bring them to her city, then sells the meat at her stall at the market.
Yumjirlhan is a sociable person who says, "I am trying my best to make my business stable in order to create a constant source of income". She is requesting a loan of 1,000,000 MNT to purchase more meat to sell at her stall.
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.