Bayarjavhlan, 25, is married and lives with her husband and son in the Uvurhangai province of Mongolia. They live in a house provided by her husband's employer for a few years. Her husband works for a local flight company.
Bayarjavhlan began selling clothes in 2010. She sells clothing out of a rented stall and her current inventory is valued at about 800,000 MNT. She wants to expand her business and increase her working capital in order to save money to buy an apartment. She is a hardworking and active person who says, "I want to expand my business further and have my own stall or a store and save money to buy an apartment." She is requesting a loan of 1,000,000 MNT to purchase more clothes to sell.
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.