Ochirhand is 51 years old and lives with her husband in a ger, which is a Mongolian yurt, in the Huvsgul province of Mongolia. Her husband also sells meat, and her daughter lives separately.
Orchirhand started her business in 1995 by selling meat at the local market. She has 16 years of business and work experience in her field. She is a hardworking and diligent woman who says, "In the future with my profits i am planning to purchase a car for business purposes." She is requesting a 2,500,000 MNT loan to increase her turnover capital and buy more meat.
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.