Tsetsegmaa is 48 years old and lives with her son's family in a ger (a Mongolian yurt) in Dornogovi province, Mongolia. Her son and his wife are both employed. She started her mobile food-selling business in 2000. She cooks her own food and sells it at the train station. Her food is delicious and her kitchen is surprisingly clean. Her customers' satisfaction is good, however, the raw materials are getting too expensive. Therefore, she's requesting 950,000 MNT to purchase meat from local herders, which will save her money. She will use half of the meat for her food business and rest she will sell. She's a sharp and hardworking woman who says, "If I couldn't get my raw materials cheap, I could lose my business."
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.