Gandolgor is 44 years old and lives with her husband and two children in a house in the Zuun Ail of Suhbaatar district of Ulaanbaatar, the capital city of Mongolia. Her husband is a plumber and her younger son is a pupil. She manages a construction material trading business at a rented stall at a trading center. She started her business in 1997 and gained much experience. She is a polite woman who is planning to expand her business in the future. She is requesting a 3,000,000 MNT loan to purchase more products 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.