Ariunaa is 31 years old and lives with her husband and four children in a ger, a Mongolian yurt, in the Suhbaatar province of Mongolia. Her younger two sons attend secondary school and the older one works as a guard. She manages a brick manufacturing business with the help of her family. She started her business in 2009 and gained much experience. She is planning to buy a brick-producing machine in order to expand her business operation. Her products are well known among her customers. People use the bricks to build houses and storage etc. She is a hardworking lady who says, "I am planning to buy construction materials with my earning in order to build a house next year." She is requesting a 3,300,000 MNT loan to purchase more bricks and materials for her business.
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.