Sarantsetseg, 30, is married and lives with her husband and two children in Suhbaatar province, Mongolia. They live in a ger, a Mongolian nomadic housing tent, on land that they own. Her husband operates a public transportation business.
Sarantsetseg opened a food shop with her husband in 2010 in addition to her job as a baker in a local bakery shop. She is requesting a loan of 650,000 MNT to purchase more food for her shop. She is trying to expand her business. Sarantsetseg is a modest and kind person who says, "Now my husband has a motorbike and I wish to help him to buy a car."
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.