Munhtuya is 33 years old and lives with her husband and twin sons in a ger (Mongolian yurt), in Ulaanbaatar, the capital of Mongolia. Her husband works in a leather factory and her sons study in school.
Munhtuya started her grocery retail business in 2008 by renting a counter in the market. Now that major market is opening in a new area, and Munhtuya rented a counter there. Therefore, she needs a supply to run the place. She is requesting 3,000,000 MNT to buy more grocery products.
Munhtuya is a sharp and diligent woman who says "The new market is in highly crowded place therefore I believe it will pay off."
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.