Sarantuya is a 37 years old woman who lives with her husband and 2 children in Dornogobi province, Mongolia. Her children study at the secondary school and her husband is unemployed. She started a food store business in 2010. Previously, she had the experience of running a vegetable retail business for 8 years.
The business income is stable and Sarantuya has gained many regular customers. She purchases her store supplies wholesale. Sarantuya is a diligent and hardworking woman who says "I would like to expand the business activities by purchasing the supplies in large quantities. I am planning to save for my family". The total amount she is requesting is 2,300,000 MNT to buy food supplies.
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.