Mrs. Battseren is 43 years old and lives with her husband and 5 children in a ger (traditional Mongolian yurt [tent]) in the Zavhan province of Mongolia. Her husband, Ganbaatar, works as driver for the railway company. Her oldest child, Suhbat, age 26, works at a local company, while Uuganbayar, age 22, Purevsuren, age 20, and Davaasuren, age 18, are university students. Batsuh, age 8, goes to the local primary school.
Battseren started her own retail business of selling clothing from home 4 months ago. She has worked as a saleswoman for several years and has experience in the business. She is now requesting 500,000 MNT to purchase inventory to run her business smoothly. She is a hardworking, enthusiastic and diligent woman who says, "I want all my children grown, educated, and able to live on their own."
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.