Mishigdorj is 52 years old and lives with her husband and two sons in a house in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. Her eldest son is a student while the younger one hasn't reached school age so stays at home.
Mishigdorj manages a beauty salon where she provides massage services for her customers. She started her business after graduating from college as a masseuse. Since then her business has been quite successful, which allowed her to build a strong customer base. She is a hardworking lady who is doing her work to feed her family. She says, "All I want is to educate my children and help them to be better people." She is requesting a 3,200,000 MNT loan to purchase materials to design her workplace.
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.