Baljinnyam is 48 years old and lives with her husband and two children in a house in the Hovd province of Mongolia. Her husband is a security guard at the Mongolian State Culture Center and one of her children goes to college. She started her business in 1999 with her husband by selling flour, rice and sugar at Han-ord market. Currently, her husband is not involved in the family business. She is planning to increase her sales turnover. Her business profit is increasing gradually.
Baljinnyam is a diligent woman who says, "I want to improve my business and increase sales volume." She is requesting a 2,300,000 MNT loan to buy rice and sugar from the west border of Mongolia and flour from Bayan-Olgii province.
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.