Bundhorol is 31 years old and lives with her husband and two children in a house in Uvurhangai province in Mongolia. Her older daughter, age 8, attends secondary school and her younger son, who has not yet reached school age, stays home.
Bundhorol manages a food cafe in her town with the help of her husband. They started this business in 2004 and are planning to continue it in the future. Since its opening, the business has been quite successful. This has allowed them to expand their building recently.
Bundhorol attributes her business success to the good location of her cafe, which is situated along the main road of the center of the province. Many customers who travel through the center of province stop by and enjoy eating the delicious meals served at her cafe.
In the future, Bundhorol is planning to expand her building again in order to add a grocery store business at one corner. She is a hardworking and honest woman who says, "We are working hard in order to open our grocery store too." She is requesting a 1,200,000 MNT loan to purchase construction materials to expand her building.
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.