Amarsaihan, 30, is married and lives with her husband and two children in Ulaanbaatar, the capital of Mongolia. They live in a ger, a Mongolian nomadic housing tent, on a small plot of land that they own. Both children attend a local school.
She began a firewood and coal trading business in 2006. Her husband helps her to operate the business which has become very stable. In the summer time they transport firewood using their own vehicle. They plan to have their own location where they can sell firewood and coal. Amarsaihan is an honest and modest person who says, "My husband and I work hard to expand our business since we will need more money for our children's future education."
She is requesting a loan of 3,000,000 MNT to purchase more coal to sell in the near future to increase their 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.