Anhbayar is 31 years old and lives with her husband and son in a ger, a traditional Mongolian yurt, in Ulaanbaatar, the capital city of Mongolia. Her son, who is 5 years old, attends kindergarten. With the help of her husband she manages a clothing trading business at Narantuul, one of the busiest markets in Ulaanbaatar city. She started her business 6 years ago and is planning to expand it in the future. She is diligent woman who says, "I want to continue my business." She is requesting a 2,000,000 MNT loan to purchase summer clothes to increase her working capital.
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.