Narantsetseg is 47 years old and lives with her husband and son in a house in Ulaanbaatar, the capital city of Mongolia. Her husband is a driver who owns his transportation business and her son works in a private company. She manages an intestine trading business at a rented stall in a local market. She started her business in 2000. Her working capital is 1,000,000 MNT with daily earnings of 150,000-200,000 MNT.
Narantsetseg requests a 3,000,000 MNT loan to purchase more intestines for trade and construction materials for her house. She plans to continue her work and expand her business in the future. She is a polite and friendly woman who says, "I want to do construction work on my house."
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.