Odgerel is 40 years old and lives with her husband in a ger (Mongolian yurt) in Selenge Province, Mongolia. Her husband is a chauffeur. Odgerel operates a vegetable and fruit trading business. She started her business in 2001. She is a trusted supplier of many shops, however she needs to build a storage area to save some supplies. She is a hard-working and diligent woman who says, "In the future we are planning to make our own grocery store." She is requesting 2,000,000 MNT to buy more fruits and vegetables and to save some supplies, because in the winter the prices will be high.
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.