Battsetseg is 36 years old and lives with her husband and three children in a ger (a Mongolian yurt) in Bulgan province, Mongolia.
Her husband is employed, her elder two children are school students and the younger one goes to kindergarten.
She started her stationery retailing business in 1998 by renting a counter in the market. Now that her business is stable, she decided to extend her market space by renting another counter in a market. However, her supplies are not enough to run a whole counter. Therefore she is requesting 2,500,000 MNT to purchase more supplies.
She is a sharp and diligent woman who says, "My kids are growing. Therefore more and more money is required to support them. I have to do everything I can in order to support them."
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.