Bayarmaa is 26 years old and lives with her husband and two daughters in a ger (a Mongolian yurt) in the Uvurhangai province of Mongolia. Her daughters, who haven't reached school age, stay home.
With the help of her husband, she manages a clothes and grocery-product trading business between Ulaanbaatar city and her sum (a subdivision of a province). She sells all kinds of grocery items and a variety of clothes for all ages.
She started her business in 2005 and is planning to expand her business in the future. She collects orders from her customers and her husband transports the ordered products from Ulaanbaatar, the capital city of Mongolia. They purchase their products four or five times a month from Ulaanbaatar city. With their business earnings, they bought a car and a plot of land where they live now.
She is a polite and open-minded woman who says, "I am planning to conduct my business in the center of province." She is requesting a 3,500,000 Mongolian tugriks loan to purchase more grocery 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.