Sarantuya is 41 years old and lives with her mother and daughter in a ger (a Mongolian yurt) in Ulaanbaatar dictrict, the capital of Mongolia. Her mother helps with her business and her daughter is a student. She has a part-time job in a local company, and she runs a grocery shop business.
Now that winter is approaching, she saw a business opportunity to sell firewood in her shop. She is a sharp and hardworking woman who says, "I am the only one in my family with the income, so I have to work [as] hard as possible in order to support them."
She is requesting 2,500,000 Mongolian tugriks (MNT) to buy firewood and some products for her small 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.