Amarzaya is 25 years old and lives with her husband and daughter in an apartment in Yaarmag, Han-Uul district of Ulaanbaatar city. Her husband works in a private company. She manages a shoes and children's toy trading and computer-service business at a rented stall at Sutai trading center. Her monthly rent is 130,000 MNT. She started her business 2 years ago. At first she used to conduct only a computer services business. Then, with years of business success, she managed to open a shoes and children's toy trading business. She is a polite and kind woman who says, "I like to work hard in order to be my own boss." She is requesting a 1,500,000 MNT to purchase stationery supplies to sell at her stall.
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.