Nansalmaa is 33 years old and lives with her husband and three children in a ger (a Mongolian yurt) in Dornod province, Mongolia. Her husband helps with her business and the children are school students.
She started her home product sales business in 2007 by renting a counter. As well as, she also operates a meat trading business since 2010.
Over the years she gained many trusted suppliers and regular customers.
She travels through rural areas to collect her supply, and transport is her biggest expense. Therefore, she is requesting 3,000,000 MNT to buy a car to save her expense. A quick calculation shows that it will save her 40% and it would help her to explore additional suppliers.
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.