Sevjidmaa is 38 years old and lives with her husband and three children in a ger (a Mongolian yurt) in Zavhan province, Mongolia. All of her three children, age 12, 13, and 15, attend the local secondary school. Her husband is a carpenter who manages his own wooden product-making business near to his home. She conducts a vegetable trading business at a local market. She has been planting daily consumption vegetables for thirteen years and is planning to continue in the future. Now she owns 25 acres of land and harvests five to six tons of potatoes every year. She is a polite woman who says, "I am very thankful for receiving the loan." She is requesting a 1,750,000 MNT loan to purchase a greenhouse and some seed 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.