Odgerel, 41, is married and lives with her husband and three children in the Arhangai province of Mongolia. They live in a ger, the traditional Mongolian nomadic housing tent, on a small plot of land that they own.
She began selling meat and meat products at a local food market in 2002. She started her business with a working capital of 50,000 MNT and her current working capital exceeds 250,000 MNT. She breeds pigs which she uses for meat. Her business has become more stable and now she has her own regular customers. She is a hardworking person who says, "I am trying to save money for my children and help them to get a good education."
She is requesting a loan of 2,500,000 MNT to buy a car so that her husband will be able to help her with the business by transporting the meat from one place to another.
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.