Javzanhorol is 52 years old and lives with her granddaughter and grandson in a ger (a Mongolian yurt) in Ulaanbaatar city, Mongolia.
She started her grocery retail business in 2007 by renting a counter in the market. She has many regular customers due to her good service and cheap prices.
Now that winter is approaching, she needs to save some groceries in order to run her business successfully. She is a sharp and diligent woman who says, "I am happy that I can support my grandchildren. It makes me feel useful."
She is requesting 1,000,000 MNT to buy more 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.