Usuhbayar is 36 years old and lives with her four children in a ger in Tosontsengel province of Mongolia. She is the only provider for her family. Her four children are high school students.
Usuhbayar started her business in 2007 by selling meat. Even though her income is relatively low, she is happy with it and has a very bright vision for her children and herself. She is a diligent and open-minded person who says, 'I'll expand my business and some day I hope to be a successful and well experienced businesswoman.' She is requesting a loan of 1,300,000 MNT to purchase meat and livestock.
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.