Batchuluun is 41 years old and lives with her three children in a ger, Mongolian yurt, in Dornod province of Mongolia. Her older son is a student who helps with his mother's business during his vacation. She manages a clothing business at a rented stall at a trading center. She started her business in 2010 and is planning to expand her business in the future. Previously, she used to work at an ice-cream factory for several years and, because of a low salary, she had to quit her job. Now she sells all kinds of clothes, with a broad variety of design and style. Her working capital exceeds 2,000,000 MNT. She is a hardworking and diligent woman who says, "I want my children to be educated and have better jobs in the future." She is requesting a 1,000,000 MNT loan to purchase clothes from China.
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.