Munhdelger is 42 years old and lives with her husband and three children in a ger, a Mongolian traditional nomadic tent, in Arhangai province, Mongolia. Her husband is a herdsman and her three children, 13 to 17 years old, attend high school.
Munhdelger operates a home product sales business in a rented stall at a trading center. She started her business in 2010 after working as a salesperson for two years. Now her working capital exceeds 600,000 MNT -- which was 300,000 MNT when she started. Munhdelger gained much experience and wants to continue her business in the future. She is a hard-working lady with a good personality. She is requesting a 1,500,000 MNT loan to purchase home products 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.