Altanchimeg is a 36-year-old woman who lives with her husband and 2 children in Dornogovi province in Southern Mongolia. Her children study at the secondary school. She started a taxi service business in 2007 after she completed the driver's course. It has been 5 years she began driving, and during those years she became experienced in the field. Sometimes, her husband helps her business. She owns a van with 5 seats.
Now she plans to start a new business, an automat game center. Altanchimeg is a diligent woman who says, "I would like to start this business activity which was researched a lot by me. I thought it profitable and a good idea for a business. I am willing to run the business with my husband." The total amount she is requesting is 2,600,000 MNT to buy the equipment and machinery of an automat game center.
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.