Mrs.Jamyansharav is 53 years old and lives with her husband in a small house in Arhangai Province, Mongolia. Her husband, Purevsuren, is 55 years old. He works for construction company as woodman. She started her business of meat retail in rental counter at local market in 2005. She had built closer relationship with customers and has lot of loyal customers of her own. She wants to run meat wholesale in near future. She is modest and hardworking person. She is requesting 3,500,000MNT loan, to purchase meat and cattle to sell in higher price after high season which meat price falls to the lowest of the year finishes.
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.