Atina is 34 years old and lives with her husband and three sons in a ger, a traditional Mongolian tent, in Bayan-Ulgii province. Her oldest son, age 10, attends a local secondary school while her younger two sons, who are 4 and 5, go to a kindergarten. Her husband is an electrical worker who helps ensure the safety of plants operated by the Power Network Division. Atina makes a living managing a grocery in her town. She started her business two years ago and is now very experienced in selling food from assorted places and cultures, especially a wide range of fruits and vegetables. She is very good at attracting customers and attributes her business success to good decision-making skills. She says, "I want to expand my business and would also truly love to improve living conditions of my family." She is requesting a 3,000,000 MNT loan to buy candies, biscuits and juice to sell to her customers.
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.