Mrs. Gantomor is 45 years old and lives with her husband and son in a house in Sainshand soum (district) in Dornogobi province of Mongolia. Her husband, Ganbaatar, age 48, works at a local communication company as a driver. Her son, Bayanjargal, age 23, has graduated university and stays home looking for a job now.
Gantomor has been running a butcher shop since 2005 at a rental counter of the local market. She has built a close relationship with herders and customers over the years.
Gantomor is now requesting 1,200,000 MNT to purchase from herders a large amount of meat products to sell to local customers. She is a hardworking, diligent and modest woman.
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.