Burmaa is 34 years old and lives in the Uvs province of Mongolia with her family. Her husband Anhbayar is a police officer in the local police department. Burmaa's children go to a local primary school and kindergarten.
Burmaa has been selling clothing and stationary at a rental counter at a local market since 2012. She has great taste in clothes and stationary imports from Erlian, China. She already has regular customers and is appreciated by her customers because of her attitude and friendly manner. She is now requesting loan of 600,000 MNT to purchase more inventory from Erlian, China to sell at her counter. She is a hardworking, diligent and welcoming lady.
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.