Tsetsegmaa is 51 years old and lives with her two sons in a house in Hentii Province in Mongolia. Her oldest son has his own private business, and her other son studies at high school. She has 20 milking cows and sells about 90 liters of milk on a daily basis. Her daily sales income is 50,000 MNT. She already has a constant client base, and she has 10 years of experience. She started selling milk and dairy products in 2000. In the future, she wants to build a cow farm. She is a hard-working and energetic woman who says, "My business is the only source of income, and I want to expand my business." She is requesting a 2,000,000 MNT loan to purchase milking cows for her cow herd.
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.