Mrs.Orlom is a 49-year-old widow who lives with her two daughters in a Ger, a traditional nomadic tent, in Uvs province of Mongolia. Her two daughters help in their mother's business and produces ice cream from organic milk at home. Orlom has been running her retail business at a rental counter in the local market for years and has already built close relationships with her suppliers and customers. She is now requesting loan of 2,000,000 MNT to purchase inventory and to pay for her daughter's headache treatment in a hospital in Ulaanbaatar city. She and her daughters are hardworking and diligent people.
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.