Gulbarshin is 45 years old and lives with her two children in a house in Bayan-Ulgii province of Mongolia. Her two children are both college students.
Gulbarshin started to sell clothes in 1999 at the local market. From 2002, she diversified her business and started to operate a grocery shop business. She has gained much business experience in her field. With her profits earned from the business, Gulbarshin pays the college tuition fee of her children. She is a diligent and open-minded woman who says "I will devote my everything to my children."
She is requesting a 3,000,000 MNT loan to purchase clothes and more grocery products from Tashkent due to the start of the school new 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.