Suvdmaa is forty-two years old and lives with her husband and three children in Govisumber province. Her husband is a wireman and two of her children study at high-school.
She has ben running food cart business for four years. During the four years she has extended the business and now delivers food to local offices. Her further plan is to extend the business by having small building and serving customers with tasty good food. She already has regular customers. She is a hardworking lady who says that "I would like to extend my business so that I can save for my children's college fees".
The total amount she is requesting is 600,000 MNT to buy meat for her meat trading business and a sofa for her house.
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.