Buyanbat is 64 years old and lives with her husband and only son in a ger (a Mongolian traditional nomadic housing tent) in Hovd province, Mongolia. Her son is a driver who has operated a transportation service for 10 years in his town.
Buyanbat manages a food cafe with the help of her husband. They started their business in 1999 and are planning to continue their business in the future. They offer a variety of Mongolian traditional dishes including buuz, huushuur, lapsha and tsuivan, etc. Their meals are well-known amongst their customers for quality and freshness.
With years of business operation, they gained much experience and have been able to build a house where they can prepare meals for their customers. Buyanbat is an honest and polite woman who says, "I am doing my best in order to provide better living conditions for my family."
She is requesting a 3,500,000 MNT loan to renew her son's truck in order to support her son's transportation 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.