Byambasuren, 49, is married and lives with her husband and two children in the Suhbaatar district of Ulaanbaatar, the capital of Mongolia. Her husband is unemployed, her older daughter attends college, and her younger daughter attends a local secondary school. Byambasuren has a degree in nursing, but she operates a rented stall at a local market and sells stationery and used clothing. She pays 130,000 MNT for the rent each month. Her current working capital is 3,000,000 MNT and her daily average net income is 60,000 MNT. Byambasuren is a hardworking person who says, " I want to increase my working capital and buy land where we could build a house". She is requesting a loan of 800,000 MNT to purchase more goods for her business and to increase her 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.