Peljee is 55-year-old widow who lives with her three children in a house in Hovd province, Mongolia. She is a friendly woman with a good personality. Peljee manages a business selling household goods. She started the business in 1994 at a rented stall in a local market with the help of her daughter. Peljee has gained a lot of experience in her business.
Peljee requests a 3,000,000 MNT loan to purchase more inventory 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.