Badamtsetseg is 48 years old and lives with her two sons in a ger, a Mongolian yurt, in the Hovd province of Mongolia. Her husband died five years ago, and two kids are in college. She used to be a clerk, but then she built a small grocery shop in her yard, which is beside the main road, in 2009.
She is good with numbers and she is very experienced in her business. Her shop has a good location and has good potential. She is a strong and diligent woman who says, "It has been [a] difficult past few years due to my late husband, however I've never given up and never will."
She is requesting a 2,150,000 Mongolian tugriks (MNT) to purchase more grocery items to broaden the range of products in her shop.
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.