Uyanga is a 40-year-old woman, who lives with her husband and three children in Ulaanbaatar city, Mongolia. Her children go to the secondary school and kindergarten.
She runs an office stationery store business with her husband. The store is located near the big trade center. She has gained a number of regular customers and the business is stable. Uyanga is a hardworking woman who says that "I would like to expand my business activity by purchasing the supplies wholesale. I am planning to buy an apartment with the income from the business".
The total amount she is requesting is 3,000,000 MNT to buy more stationery supplies to increase her working capital.
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.