Saruulsaihan, 31, is divorced and lives with her parents and brother and her daughter in the Bayanhoshuu district of Ulaanbaatar, the capital of Mongolia. They live in a ger, a Mongolian nomadic housing tent. Her father works for a private company. She started an animal rawhide trading business in 2006 with a working capital of 200,000 MNT. She operates her business at Narantuul, the biggest outdoor market in Mongolia. Her mother helps her with the business. Saruulsaihan is a hardworking and polite person who says, " I am trying to expand my business and save money in order to build a house where we can have a comfortable life". She is requesting a loan of 1,000,000 MNT to purchase animal rawhide for her business.
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.