Narandelger is 41 years old and lives with her three children and husband in a ger, a Mongolian yurt, in Govisumber province of Mongolia. Her husband is a driver. He transports goods in the countryside. Her oldest son used to study at the Mongolian Agriculture University but left because he disliked the major study subject. This year, he is a college freshman at the Darhan Mining University. He says he is interested in the mining industry. Narandelger started to rent commercial space at Baldanzasag market and sell clothes in 2002. Her total assets are about 3,000,000 MNT. She gained much business experience in her field having worked as a salesperson for a decade. She has taken loans from Xac Bank 9 times previously. Her middle daughter assists her in the business while Narandelger goes to China to buy products. She is a diligent woman who says "I want to provide a good education for my son because his future depends on education." She is requesting a 2,500,000 MNT loan to pay the tuition fees of her son and to buy more clothes from China for the new school year.
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.