Uranbileg is a 40-year-old woman who lives with her husband and 3 children in Ulaanbaatar city, Mongolia. Her husband is employed as a taxi driver. Her oldest son studies at the secondary school and the other children go to the kindergarten.
Uranbileg has been running a photography business at tourist attractions since 2006. She takes high-quality photos with her own professional camera. Now she is planning to purchase camera and printer accessories for the business. Uranbileg is a talented photographer who says, "I would like to develop my business activities by purchasing the necessary printer and camera accessories." The total amount she is requesting is 2,000,000 MNT to buy the camera accessories.
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.