Sandaglham is a widowed woman who lives with her two children in Ulaanbaatar city, Mongolia. Her two kids are college students. She started her retail business by opening a grocery shop in 1996.
In recent years, many buildings have been built and her shop's income is increasing rapidly. Due to a lack of supplies, though, growth has been slow.
Her daily income is 350,000 MNT and it has potential to increase. She is a sharp and hardworking woman who says " I have a two college kids and it is hard to pay two fees but I will not rest until my two kids are educated".
She is requesting 3,000,000 MNT to buy more 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.