Ainagul is 44-years-old and lives with her husband and two kids in a ger (Mongolian yurt) in Bayan-ulgii province, Mongolia. Her husband is a construction worker. Their elder son helps with her business and the younger one is a college student.
She started her business in 1998 by selling meat. Now she runs a grocery shop which is more profitable. She has many customers therefore, she extended her shop space. Due to extension cost she hasn't got enough money to run her business. She is a sharp and hardworking woman who says, "I am the one with the income in family. Therefore, I need to do everything I can in order to support my family." She is requesting MNT 3,800,000 to buy products from Tashkeshken.
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.