Alimaa is 29 years old and lives with her husband and daughter in Central Mongolia. Her husband is unemployed but he helps her prepare and handle the sacks of coal and wood for her business. Her daughter goes to the kindergarten.
Alimaa started her business by purchasing milk products and expanded a bit by purchasing sacks of coal and wood. She bought a van with the income to get the supplies and deliver them to the customers. Now she plans to buy the milk products in large quantities to sell them during the festival.
Alimaa is a diligent woman who says, "I would like to extend my business by buying the supplies in large quantities so I can raise the household income." The total amount she is requesting is 3,500,000 MNT to buy dried curd from the Arhangai Province.
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.