Altantuya, 25, is married and lives with her husband and a daughter in Arhangai province of Mongolia. They live in a ger, a Mongolian nomadic housing tent, on a small plot of land that they own. They have a decent standard of living.
Altantuya and her husband operate a computer service center. They used to run this business in Ulaanbaatar, the capital of Mongolia, between 2006 and 2008. Then they came to live in Arhangai and continued operating their previous business.
In addition to the computer service business, Altantuya sells women's lingerie at a rented stall. She is a hardworking and sociable person who says, "We want to have our own place where we can operate our business so that we can save money on rent." She is requesting a loan of 3,000,000 Mongolian tugrug (MNT) to purchase computers and other equipment for their computer service center.
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.