Uranchimeg is a 33-year-old woman who lives with her husband and two children in Dornogovi province in Southern Mongolia. Her husband is employed and the oldest child studies at the secondary school.
She has been running a taxi and public transportation service since 2006 with her husband. They have a Sonata van and a “Grace” minibus for the business. Uranchimeg became experienced in the field and usually drives between the town and the area with tourist attractions. She has a further plan to improve the household.
Uranchimeg is a talented driver woman who says, "I would like to develop the business activity by purchasing some necessary spare parts to continue the business normally. I want to increase the income and build a house for the family." The total amount she is requesting is 3,000,000 MNT to buy the spare parts for the van.
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.