Gantumur is 41 years old and lives with her husband and two children in a ger (yurt) in the Dornod province of Mongolia. Her husband is a plumber. Both of her children attend school with her eldest child in college. She started her grocery retail business in 1997 by renting a counter in a market. She is a respected businesswoman in the market. Over the years, she has gained many regular customers and trusted suppliers. Her business income has been relatively the same ever since she started her business. She expanded her business by renting one more counter in the market. However, she is lacking supplies to run the counter. Therefore, she is requesting 1,000,000 MNT to buy supplies. She is a sharp and diligent woman who says, "Things are getting pretty tight since my son joined college. I have to [do] everything I can in order to support my child."
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.