Zaya, 35, is married, and lives with her husband and a son in Bayanhongor province of Mongolia. Her husband works as a driver for the local police station and gets paid 200,000 MNT monthly. Her son attends a college. Zaya began retail trading of consumer goods withworking capital of 200,000 MNT in 1991. She has been operating her business continuously and she currently operates two stalls at a local market. She imports clothing from China and she is planning to sell clothing of national factories in the future. She is a hardworking person who takes initiative and said, "I would like to expand my business and increase my profits in order to have my own store in the future." Zaya is requesting a loan of 3,300,000 MNT to purchase more clothing of national factories and import consumer goods from China.
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.