Ariunzaya is 23 years old and lives with her husband and only son in a house in Ulaanbaatar, the capital city of Mongolia. She manages a household appliance trading business at a rented stall at Narantuul market, one of the biggest markets in Ulaanbaatar city. She started her business with the help of her husband in 2006.
Before starting up her business operation, she gained enough experience by working as a salesperson at her older sister's grocery booth. She has worked hard to expand and stabilize her business. She is an open-minded and diligent woman who says, "I am planning to continue my business for the future." She is requesting a 3,000,000 MNT loan to purchase antennas in order to increase her business sales.
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.