Myagmar is 56 years old and lives with her husband and 4 kids in a house in Ulaanbaatar city, Mongolia. Her husband helps with her business. 3 of her kids work separately and the youngest one studies at a Movie and Arts college. She runs a grocery shop. Her shop has a good location and has many customers. I need support to be a distributor of a large grocery organization: a deposit needs to be placed.
She is a hardworking and diligent woman who says, "I am a very commited person and I will do everything I can to support my family". She is requesting 1,500,000 to purchase grocery products.
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.