Yanjmaa is 36 years old and lives with her husband and daughter in a house in Darhan city, Mongolia. Her daughter, 13, goes to a local secondary school. Yanjmaa runs a business selling clothes which she started in 1994, and gained much experience. Since then her business has been quite successful which allowed her to employ some workers and to improve her living conditions. Also with her earnings she managed to buy a plot of land where she built a house for her family and a car used in her business. She is hard-working lady who is doing her best to feed her family. In addition she plants trees and vegetables in her backyard. She says, "With my business savings I had a chance to improve my life. I want to expand my business in order to pay tuition fees for my daughter's education." Yanjmaa is requesting a 1,000,000 MNT loan to purchase materials in order to sew more clothes to sell during graduation ceremony of students.
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.