Amarbayar, 23, is married and lives with her husband and three year old son in Hentii province of Mongolia. Her husband works for a construction company in the summer time and her son goes to kindergarden. Amarbayar has started a jewelery trading business in 2010. Now she operates a rented stall at a local trading center called Soyolj which is located in a busy street. She also has started a clothing trading business in addition to her jewelery trading business recently. She has been operating her business by bank loan and now her own working capital is increasing little by little. She is a hardworking and sociable person who says, "I like my business because as I am keen on making jewelery such as earrings, necklaces from different stones by myself. It is very interesting when you create different designs. I also have started clothing trading business recently in order to expand my business." She is requesting a loan of 1,000,000 MNT to purchase more clothing and jewelery 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.