Badamtsetseg is a 38 year old woman who lives with her husband and 4 children in the capital city of Mongolia. She runs the business with her husband. Her 2 children study at the secondary school. She started the meat retailing business in 2006 and the business has been successful for those years. She purchases the supplies and delivers them to the regular customers and caterings. She trades around 70- 80 kilograms of meats a day. She has a further plan to extend the market. Badamtsetseg is a motivated woman who says that "I would like to expand the business activity by buying the supplies in large quantities in wholesale so that I could save them and raise the income". The total amount she is requesting is 1,500,000 MNT to buy the meats.
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.