Ulziihand is 52 years old and lives with her husband and daughter in a house in the Dornod province of Mongolia. She manages a cafe in her town with the help of her husband and daughter. She started her business in 2000 having worked as a cook for several years. Since then her business has been quite successful. This enabled her to buy a house for her family in 2002. She plants a variety of vegetables and flowers in her backyard. Now she employs 5 more workers at her cafe. She is planning to have her own building for her business operations.
She is a polite and kind woman who possesses good managerial and accounting skills. She is requesting a 1,000,000 MNT loan to purchase tables and chairs for her cafe.
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.