Oktobrisuren is 51 years old and lives with her four kids and granddaughter in a ger (Mongolian yurt) in the Govi-sumber province of Mongolia. Her eldest son goes to college and the rest are school students. She sells foods and drinks outdoors since 1990. Sometimes her kids help with her business. She is a strong and hardworking woman who says "I do everything I can to support my kids." She requests 300,000 Mongolia Tughriks (MNT) to buy food products for her business.
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.