An open-minded person, Byambasuren says, "The months of September and October are for marriage and other celebrations. So, the demand for home appliances is very high. I want to sell as many products as possible." Byambasuren is requesting a 1,500,000 tugrik loan to buy more products for her business.
About XacBankThis 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.
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