Urjinsuren is 48 years old and lives with her husband in a ger (a Mongolian yurt or tent) in Uvurhangai province, Mongolia. Her husband is a sick old man who stays at home.
She started her business journey in 2003 by renting a counter in a market to sell groceries. Now she has built a small shop in her own yard. She extended her shop this year. However, due to the building cost, her resources are not enough to fill the extended part of the shop.
She is requesting 2,000,000 MNT to buy supplies. She is a sharp and hardworking woman who says,"I have to do everything to cover my husband's medical costs."
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.