Bayarmaa is 33 years old and lives with her husband and two sons in a ger in Bayanhongor Province in Mongolia. Her husband Purevdorj works with her in their auto repair business. Her son Chintsereg goes to a local secondary school, and her other son, Chinzorig, stays home. Bayarmaa has had her business of auto repair service on their plot of land since 2008. She is now requesting 1,390,000 MNT to purchase spare parts and other necessary items for their business. She and her husband both are hardworking and diligent.
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.