Tuya is 39 years old and lives with her husband and daughter in Arhangai province in Central Mongolia. Her husband is employed and her daughter studies at college. She has been running a meat retail business for 10 years. She has made many regular customers and suppliers during these times. The business has been successful and she makes a good deal with the customers and the suppliers. Tuya is a nice woman who says, "I would like to expand my business activities by buying beef in large quantities at wholesale so that I could raise the income and improve household". The total amount she is requesting is 900,000 MNT to buy beef.
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.