Nergui is 31 years old and lives with her husband and two sons in a house in Uvurhangai province, Mongolia. Her older son is in secondary school while the younger one hasn't reached school age and stays home.
She works as a cook in a restaurant with a monthly salary of 180,000 MNT. In addition, she manages a transportation service business with the help of her husband. Mainly they transport wood, coal and construction materials and sell them in the center of the province.
Their business was quite profitable, which allowed them to build their own house last year. They are hardworking people who say, "We are planning to expand our business for the future."
Nergui is requesting a 2,000,000 MNT loan to purchase wood 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.