Byambasuren is 20 years-old and lives with her mother and brother in a ger, a Mongolian yurt, in Ovorhangai province of Mongolia. Her mother helps her to manage the family business. Her brother is a high school student. She started her business in 2009 selling cellphones and their spare parts at the local market.
She has collected sufficient business and work experience so that she sells cellphones and spare parts that are following market trends. She is planning to expand her business and open another shop at another market. She is a diligent, energetic and hard working woman who says "I like my job and I plan to expand my business in the future. In addition, I will also open another shop." She is requesting a 3,500,000 MNT loan to buy cellphones and spare parts and increase her turnover capital.
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.