Orlom is a 41-year-old woman who lives with her husband and 2 children in the suburban area of Ulaanbaatar city, Mongolia. Her older son studies at a college and the younger son goes to secondary school. She opened a food store in 2007. Since that, the business has expanded and more types of products are sold. She runs the business with her husband in the local area.
Orlom is a prudent woman who says, "I would like to develop the business by purchasing supplies in large quantities. I am planning to open a second store soon so that I can improve my livelihood and pay for my son's college tuition fees." The total amount she is requesting is 3,000,000 MNT to buy food and other products.
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.