Adiyadulam is 46 years old and lives with her husband and three children in small house in the Bayanhongor province of Mongolia. Her husband, Shagdarsuren, is 36 years old, drives a big truck and provides transportation services in town. Her older two children work at local companies and her youngest son, Yondonjamts, is 15 years old and studies at the local secondary school.
Adiyadulam has been working at the local market since 2001. She started her own business of second-hand shoes retail in 2011. She has built close relationships with her suppliers and local clients over the years. She is now requesting a loan of 3,200,000 MNT to purchase large amounts of used shoes to sell to local residents. She is a hardworking, responsible 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.