Surenhuu is 43 years old and lives with her husband and children in a house in the province of Hovd, Mongolia. Her husband works at a construction site. She started her business in 1998 by selling flour. She has many years of working experience. With the profits she earned, she is paying her two children's college tuition fees. In the future, she plans to redecorate her house. She is requesting a 2,000,000 tugrik loan to purchase flour at wholesale prices.
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.