Mrs. Juldiz is 49 years old and lives with her husband and 3 children in their house in Bayan-Ulgii province, Mongolia. Her husband, Serik, is unemployed but works during the summer as a part-time driver in a local company. Her older 2 daughters recently got married. Juldiz has prepared their bedding and other Ger decorations all by herself. Her son, Muhamed-Ali, is a freshman in the university.
Juldiz has been hand-making bedding and other Ger decorations for years. She has a little health problem and her one craft producing length was increased. Her daughter helps her now and she is requesting a loan of 2,500,000 MNT. She will use this to buy inventory and tools to produce embroidered bedding and Ger decorations for an ordered client. She is a hardworking, helpful, and kind person.
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.