Javzandulam, 50, lives with her husband and three children in Bayanhongor province of Mongolia. Her husband works as a carpenter at a local wood shop, where he earns 150,000 MNT monthly, and her older daughter studies at a college. They live in their own house on private land that they bought seven years ago. Javzandulam began a clothing trading business in 2001, but it was not so profitable. In 2009, she began to sell dairy products along with her son, who buys the products from the countryside. She sells her dairy products at the market and has working capital that exceeds 2,000,000 MNT. She wants to increase her capital by expanding her business. According to Javzandulam, selling dairy products is more profitable than selling clothes. She is a modest and hardworking person who says, "My wish is that I can give a good education to my children in order for them to have a successful future." She is requesting a loan of 1,000,000 MNT to purchase more milk and dairy products for her business from the countryside.
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.